Effect of halving on cloud mining?

[pandalion98]

What would happen to cloud mining prices once halving arrives?

For example, HashNest's S7 price is about 0.00014 BTC per GH/s. What would happen to the price?

I'm curious since I have funds in HashNest and I'm deciding whether to pull out before the halving or just hold my breath.

[asriloni]

I think the price will still equivalent to 0.00014 in fiat but only the amount of bitcoin different just following the currenct price and could changing everytime,bitcoin will not going to giving affect that constant it'd need a time and the price per GHS will need a time too to change

[isen]

I have no idea but honestly do you think that it matters?All cloud mining sites are ponzi/scams and they will eventually collapse sooner or later.

[Yakamoto]

Aside from the obvious shortfalls of cloud mining, chances are the prices of each hash will not change, and they will continue to be sold at whatever rate they are now, maybe cheaper. The thing is the value of Bitcoin in the changing variable in all of this; not the value which the hashing power mines. The value will always have to at least equal the cost, and as such the amount of Bitcoin mined decreases, but the value it generates technically doesn't change, assuming I understand the economics of it correctly.

[Enotche]

10 numbers in any checkpoint. Change profitability of mining, the complexity of the graph reaction rates and correction terahash of Bitcoin is now impossible to predict all. But we can say for sure that the cloud Mining Halving not affect, because it is a scam. Otherwise, how else to call these services, where you can even Mein dollars (this is how?).

[ImHash]

halving is not going to work because people are not just going to pay more dollars to buy bitcoin just because of halving.
If I'm right the bitcoin mining will last for decades to come even if you mine with 10000000000000000 TH/s still you get enough halving
And diff will rise  to a point that again decades would take you to mine all bitcoins, market wont bend to the bitcoin's will and makes the
Price double, I think difficulty will go down and we will have to let bitcoins to be mined fully(21 M) and then let the price rise because
Only then market has no choice other than bending for bitcoin.

[pandalion98]

halving is not going to work because people are not just going to pay more dollars to buy bitcoin just because of halving.
If I'm right the bitcoin mining will last for decades to come even if you mine with 10000000000000000 TH/s still you get enough halving
And diff will rise  to a point that again decades would take you to mine all bitcoins, market wont bend to the bitcoin's will and makes the
Price double, I think difficulty will go down and we will have to let bitcoins to be mined fully(21 M) and then let the price rise because
Only then market has no choice other than bending for bitcoin.

I don't think you know what the halving is or how mining works.

I have no idea but honestly do you think that it matters?All cloud mining sites are ponzi/scams and they will eventually collapse sooner or later.

I suggest you take a look at HashNest.

[TemplarKnightUK]

What would happen to cloud mining prices once halving arrives?

For example, HashNest's S7 price is about 0.00014 BTC per GH/s. What would happen to the price?

I'm curious since I have funds in HashNest and I'm deciding whether to pull out before the halving or just hold my breath.

The price depends on the price of the hardware, not on the block reward or the profitability of the mining (well, strictly on supply and demand and what they can ask for for it, but they won't halve prices because this would make cloud mining unprofitable).

Many cloud miners are scammers, but Genesis Mining is not (they have had WEF coverage!); they for example have a clause that if mining revenue is less than electricity and other maintenance costs for a number of consecutive days (I think 20?), then the contract will be terminated.

[albysprx]

I get around 25k satoshis daily with my 0.15 TH/s at genesis-mining, the profit will be halved too? 25k to 12.5k~?

[Kakmakr]

Cloud mining is a ponzi scheme, and these people divert money from user to user, which is not influenced by the Halving at all. That said, they will most probably use it as an excuse to make the hashing power more expensive and increase the maintenance fee, to make up for their fake losses. ^tongue in the cheek^

[Oralmat]

What would happen to cloud mining prices once halving arrives?

For example, HashNest's S7 price is about 0.00014 BTC per GH/s. What would happen to the price?

I'm curious since I have funds in HashNest and I'm deciding whether to pull out before the halving or just hold my breath.

Ok first of all at halving the price of bitcoin will be very high for a very short period of time, so companies like hashnest does not have to revise their rates.
Secondly, if you have a little feeling the investment sites can scam you and go offline once the BTC is at highest value, then its best to withdraw your funds from there now.

[Slark]

If we assume that Cloud Mining is really mining and not common Ponzi time bomb scheme then there are 2 options:

- they won't sustain their service because lowered reward drop

- they would still be able to profit from it even with half profit from block

Of course either of this options is determined by BITCOIN PRICE. With current high BTC price I think cloud mining will manage to survive.
But any kind of price decline will be a death sentence for CM operators. Anyway, investing in Cloud Mining will be harder than ever because of that.

[rekinthis]

I have no idea but honestly do you think that it matters?All cloud mining sites are ponzi/scams and they will eventually collapse sooner or later.

well yeah, you are right about it in my opinion because all of such websites are going to go down really soon in my opinion when there will be no funds left to make pyramid last

i think the effect will be such that all of the cloud mining websites will go bust really easily, unfortunately a lot of people will lose their bitcoins and not make any profit

[asriloni]

Cloud mining is a ponzi scheme, and these people divert money from user to user, which is not influenced by the Halving at all. That said, they will most probably use it as an excuse to make the hashing power more expensive and increase the maintenance fee, to make up for their fake losses. ^tongue in the cheek^

some people outside there claiming that there's still a real cloud mining exist around fake cloud mining which officially created by the mining hardware distributor and creator but I don't know it's relevant or not but it may need to be observed deeper

[gentlemand]

They're going to be even more of a joke than the vast majority are now. The legit ones will close down. That's if there are any.

[Denker]

What would happen to cloud mining prices once halving arrives?

For example, HashNest's S7 price is about 0.00014 BTC per GH/s. What would happen to the price?

I'm curious since I have funds in HashNest and I'm deciding whether to pull out before the halving or just hold my breath.

As 99% of those cloud mining services being nothing more than rip-offs I think it won't matter what price will be after the halving.
I would never invest in that stuff.
Sure it's your money and your decision, but don't cry when they suddenly disappear or got "hacked".

[serjent05]

They're going to be even more of a joke than the vast majority are now. The legit ones will close down. That's if there are any.

I agree! legit cloud mining have been declaring bankruptcy due to fail profit when Bitcoin is at 25 reward per block.  Halving will greatly affect since reward be half and price doesnt soar that high.  So more probably more  cloudmining pretend to be company  offering profits will pop up every now and then.  More ponzi scheme for the you!

[~Bitcoin~]

I doubt any of those all cloud mining sites will exist after the halving, they may cancel all your contracts and stop mining saying that mining reward is not enough to cover running fees, which is completely a lie.

I have never trusted any of the cloud mining sites and for sure will not any of them in future. Why they rent their mining capacity if they can mine for themselves for profit.

[Yakamoto]

They're going to be even more of a joke than the vast majority are now. The legit ones will close down. That's if there are any.

I agree! legit cloud mining have been declaring bankruptcy due to fail profit when Bitcoin is at 25 reward per block.  Halving will greatly affect since reward be half and price doesnt soar that high.  So more probably more  cloudmining pretend to be company  offering profits will pop up every now and then.  More ponzi scheme for the you!

Assuming miners were able to live off of $300/Bitcoin in the past, $600/Bitcoin right now would be a suitable value for the halving and the miner's baseline, and thus cloud mining would not lose the fiat value it generates, just the Bitcoin amount it generates.

Cloud mining is a scam of some sort, definitely, but I won't make any specific accusations yet. They're just terrible businesses with terrible business practices.

[ShrykeZ]

I don't think the price will change, but the profitability is going to drop unless Bitcoin doubles, which at the moment doesn't seem likely.