The major fear around BTC halving is that if the price does not go up for as fast as miners costs require, the network might die. Not really, as there are several miners who are in with discretionary investment.
We cannot be sure that there will be lot of miners who will sell their assets and rigs to stay in the show. They will choose to cash out and play safe, or they will go the extra mile and find a way to establish their dominance. A few exceptional unplanned miners who did not realize what they were getting in to might suffer.
BTC mining is new, through the trial, not time tested. It is the current generation of miners playing the guinea pigs. Things and technology are yet to evolve. Whether they will win or lose, there will be a change and an opportunity. While the market is elaborating on the cost of mining, there is no clear figure about the cost of the assets required for the mining. There is no reason for why the cost of mining should not go down due to better technology and innovation, leading to less power consumption happens in place. Technology keeps evolving.
Bitcoin is a good investment, and there is no reason for why miners should get too greedy about preserving all that they have earned so far and get ripped off in one halving event. For as long as Miners get rid of their greed and cash out the best value for the Bitcoin they have earned, that should probably supply the machine cost, helping them stay in business. As such, they will continue to earn BTC as they mine.
It is extreme greed, unless when the situation goes worse to state that miners are going to go broke and out of business. A little thought and planning maybe the current need.
Sydney Ifergan, the crypto expert, tweeted: “Those who made it early to Bitcoin (BTC) with less fees are the luckiest. Yet others are those to periodically enjoy the BTC profits. The rest who keep thinking of the best ever day and best ever price – will wait forever. “
Others quit their jobs, carrier, and studies and went all in. They have been around since the days of the first mining rigs. Even for those who do not have a lot of memory with Bitcoin experiences, there are those who have made something substantially good to tell their grandchildren.
Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9
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