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Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Ozark on April 13, 2020, 02:44:21 AM

Title: May’s Bitcoin Rewards Halving Will Force Weak Miners Off the Network
Post by: Ozark on April 13, 2020, 02:44:21 AM
(https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8yYjJlODE4ZjUxNzNkMGQzNmNiM2YzYmVmNmE4M2QxMS5qcGc=.jpg)

With the COVID-19 pandemic grabbing most headlines the past few weeks, the cryptosphere has been directing some of its attention toward Bitcoin’s reward halving. Read the full story on CoinTelegraph (https://cointelegraph.com/news/mays-bitcoin-rewards-halving-will-force-weak-mine).
Title: Re: May’s Bitcoin Rewards Halving Will Force Weak Miners Off the Network
Post by: Luckyperson21 on April 13, 2020, 05:03:23 AM
Quote from: Ozark on April 13, 2020, 02:44:21 AM

With the COVID-19 pandemic grabbing most headlines the past few weeks, the cryptosphere has been directing some of its attention toward Bitcoin’s reward halving. Read the full story on CoinTelegraph (https://cointelegraph.com/news/mays-bitcoin-rewards-halving-will-force-weak-mine).

(https://i.imgur.com/re3nZvv.jpg)
Please check the link that you shared.

Basically, all miners will update their tools. The weak will not be able to compete. That is an absolute law. Therefore, when bitcoin is halved later, all miners update everything.
Title: Re: May’s Bitcoin Rewards Halving Will Force Weak Miners Off the Network
Post by: Senin on April 13, 2020, 08:55:27 AM
Yes, they have already said that only the activities of large bitcoin mining farms will remain profitable. Well, everything has its time. Miners with small capacities will also find work. There are many good coins that can be mined. It is necessary to respond in time to changes in the situation and then everything will be fine.
Title: Re: May’s Bitcoin Rewards Halving Will Force Weak Miners Off the Network
Post by: Jaguar on April 13, 2020, 09:45:04 AM
Miners can find ways to continuously mine. It is not bitcoin alone that can be mined. There are cryptos profitable to mine until such time of bitcoin returns to pump. Halving cannot stop mining unless everything's gone. As what Luckyperson21 says, "all miners will update their tools. The weak will not be able to compete."