Would this halving bring a surge in price or reduction in miners due to lack of profitability?
With same electricity cost, same difficulty, miners will get less Litecoin from mining. It means their income will only remain as same as before halving if Litecoin price increases two times (compared to its price before halving). It is why lots of investors pay their attention on Litecoin, recent weeks, someone hope that Litecoin will keep doubling increase at the period around halving time (before or after that a little bit).
I was told by a buddy that pretty much now, at this difficulty and this price point, you need 4c kWh or under to make any pennies at all.
Also was offered from a legit guy (I'm fairly sure) an Innsolicon T30 2.2th 2,200 watt unit for $900 and $50 shipping to the states.
Unfortunately, he forgot about the NOW 37.6% Tariff to the USA with Import Fees.
IF Trump has his way, he may go back as a pushback to China devaluing currency today, to another 25% rise in tariffs Sept 1st.
IF, so that would mean the tariff and import fees (plus shipping) would likely be something like $1,300 a unit to the USA or about say $950 a unit
for the rest of the NON-USA tariff world and/or the VAT Countries.
IF, these folk in non-VAT or Tariff parts of the world are in FULL FOMO MODE...well sh*t...it very well could be no more mining of any type in the USA
for 2019 and into 2020. (Perhaps, that is already the case, and just missed the memo)
ugly, ugly, ugly
If you add to this my somewhat other 'dubious' fear, in that, my 'guess' that 70% or so of all scrypt-pow miners on LTC network are Bitmain L3's or L3+'s.
(They were pumped out for 3 years). Then that group shuts off due to difficulty, then difficulty adjusts and that group turns back on, rinse/wash/repeat.
We could yo/yo in that pattern for 3-4 months, driving the price down as these guys sell their LTC and such to pay bills on their data halls or whatever, driving
price further down.
again, perhaps, dubious, but where mining goes, so goes price I'm afraid. Could form an LTC price downward spiral vortex indeed.
Brad
(disclaimer: have not mined anything since 2/14/19 on Valentine's day. My data hall rate is 10c kWh and my home rate has spiked in Summer Rates to 17.27c kWh, so
as you can see I'm so far out of any type of scrypt-pow or indeed any flavor of ASIC mining that I need a pair of binoculars to even read the LTC difficulty at this point.)
