Halving = Less Miners = Slower Transactions

[vodaljepa]

Why would miners invest so much into electricity for half the reward? I see this ending badly

[LordCoder]

If there are less miners, difficulty decreases and thus increasing profit. It's an endless cycle.

[BitcoinHodler]

Why would miners invest so much into electricity for half the reward? I see this ending badly

talking without any proof is easy. you can say anything you like but that doesn't make any of it true.

in this case unless you can provide any legitimate information on the costs of mining for the miners (electricity, ...) then your words are pointless. because i say miners are still earning A LOT of profit even with half the reward.

[European Central Bank]

Satoshi knew what he was doing. Mining is a finely tuned balancing act designed to sustain itself.

[TKeenan]

Why would miners invest so much into electricity for half the reward? I see this ending badly

Clearly another moron.  Even if we only have two miners, blocks go every 10 minutes.  We get 1 MB worth of transactions no matter how many miners.  So, halving does nothing to slow transactions.

The community is full of idiots.

[Bitcoinstalker.com]

If there are less miners, difficulty decreases and thus increasing profit. It's an endless cycle.

Decrease at next diff. adjutment, not right away.
But there's no reason for miners to shut down right away. Mining at a loss might be worth it to drive the competition out of business. It's a Mexican standoff.

Why would miners invest so much into electricity for half the reward? I see this ending badly

Clearly another moron.  Even if we only have two miners, blocks go every 10 minutes.

Clearly another moron. At current difficulty, a block would *never* be solved with just 2 miners. Blocks are solved in *about* ten minutes at current difficulty and current hashrate.  Cut the hashrate, and the time to solve a block increases proportionally. Cut it enough, and you'll never get to the next difficulty adjustment.

[drwtsn32]

If there are less miners, difficulty decreases and thus increasing profit. It's an endless cycle.

Yes. OP do you read this?
Everything is kept in balance.
Because if your statement was the case then there must be no Bitcoin right now!

[BillyBobJoe]

talking without any proof is easy. you can say anything you like but that doesn't make any of it true.

because i say miners are still earning A LOT of profit even with half the reward.

[helloeverybody]

A question to the older members here would be to ask if there was this much worry and fud in the last halving? Surely back then miners where in the same situation that if we never got a price rise then it would become unprofitable to continue to mine and miners would drop out left right and centre. yet we are at another block halving and miners are still doing their thing.

[BTCLovingDude]

you have to understand these first before you can give your opinion about miners which you clearly don't have any idea about their operation.

halving == less block reward
halving == less profit for miners
BUT
halving != minus profit

in other words less profit doesn't mean minus profit or loss, it is still profit.

[TastyChillySauce00]

Why would miners invest so much into electricity for half the reward? I see this ending badly

talking without any proof is easy. you can say anything you like but that doesn't make any of it true.

in this case unless you can provide any legitimate information on the costs of mining for the miners (electricity, ...) then your words are pointless. because i say miners are still earning A LOT of profit even with half the reward.

only in china where the electricity cost is very cheap ,the source of energy from coal and been proven cheaper,different if you ask to those miners whose live in 1st tier country,the profit after halving only could afford the electricity not for the living needs monthly except having so damn many rigs

~snippet

people who don't get into programming language would think != is "equal"

[TKeenan]

If there are less miners, difficulty decreases and thus increasing profit. It's an endless cycle.

Decrease at next diff. adjutment, not right away.
But there's no reason for miners to shut down right away. Mining at a loss might be worth it to drive the competition out of business. It's a Mexican standoff.

Why would miners invest so much into electricity for half the reward? I see this ending badly

Clearly another moron.  Even if we only have two miners, blocks go every 10 minutes.

Clearly another moron. At current difficulty, a block would *never* be solved with just 2 miners. Blocks are solved in *about* ten minutes at current difficulty and current hashrate.  Cut the hashrate, and the time to solve a block increases proportionally. Cut it enough, and you'll never get to the next difficulty adjustment.

Clearly the biggest dumbshit ever.  I didn't agree to your stupid condition 'current difficulty'.  The difficult is automatically adjusted.  So - if only two miners there would have been a serious lowering of difficulty

Why do you say I am wrong - and then impose an impossible constraint on the problem?  What a dumbass.

[vodaljepa]

Why would miners invest so much into electricity for half the reward? I see this ending badly

Clearly another moron.  Even if we only have two miners, blocks go every 10 minutes.  We get 1 MB worth of transactions no matter how many miners.  So, halving does nothing to slow transactions.

The community is full of idiots.

You are a complete moron, look what you said
God damn

[vodaljepa]

If there are less miners, difficulty decreases and thus increasing profit. It's an endless cycle.

Decrease at next diff. adjutment, not right away.
But there's no reason for miners to shut down right away. Mining at a loss might be worth it to drive the competition out of business. It's a Mexican standoff.

Why would miners invest so much into electricity for half the reward? I see this ending badly

Clearly another moron.  Even if we only have two miners, blocks go every 10 minutes.

Clearly another moron. At current difficulty, a block would *never* be solved with just 2 miners. Blocks are solved in *about* ten minutes at current difficulty and current hashrate.  Cut the hashrate, and the time to solve a block increases proportionally. Cut it enough, and you'll never get to the next difficulty adjustment.

I know right, some people think they know everything

[Bitcoinstalker.com]

A question to the older members here would be to ask if there was this much worry and fud in the last halving? Surely back then miners where in the same situation that if we never got a price rise then it would become unprofitable to continue to mine and miners would drop out left right and centre. yet we are at another block halving and miners are still doing their thing.

Back then, we still had shitloads of hobby miners with GPUs. Hobby as in "I do this because I think it's fun."
Right around halving time the first ASICs came out. A quantum leap in hashrate, obsoleting all the FPGAs/GPUs.

[vodaljepa]

Bottom line is halving is not going to be good news, just watch how the transactions slow down folks
Slow transactions = scares people away

[hatshepsut93]

If/when the price will increase to lets say $800 miners who are leaving right now will jump back. Bitcoin is a self-regulating system, I'm sure everything will be fine.

[TKeenan]

Bottom line is halving is not going to be good news, just watch how the transactions slow down folks
Slow transactions = scares people away

So stupid - it hurts.  Before halving, we have 6MB of transactions every hour.  After halving, we have 6 MB of transactions every hour.  

Where is the slowing?

Could you be more stupid?

[xavier77]

Just tell me this: If miners get less reward, does the transaction fees decrease? Also, with less miners, will transaction time elongate or with half the total bitcoins, will the transaction time decrease? Along with halving, are cold wallets with no balance about to be removed?

[Bitcoinstalker.com]

Bottom line is halving is not going to be good news, just watch how the transactions slow down folks
Slow transactions = scares people away

So stupid - it hurts.  Before halving, we have 6MB of transactions every hour.  After halving, we have 6 MB of transactions every hour.  

Where is the slowing?

Could you be more stupid?

ELY5:
The transactions are only confirmed when a block is solved.
At current difficulty, with two miners, the transactions will never get confirmed.
Because a block will never be solved.
Because, with just two miners hashing, it would take many years to solve a block.
You ignorant cunt