Miner surrender: can all mining farms be closed?

    Майнинг биткоина после халвинга
    Bitcoin mining after halving

    On May 11, bitcoin survived its third halving, and now the block reward is 6.15 BTC. In this article, we will examine how things are going with bitcoin mining after halving, what is the hash rate, which ASIC devices give the greatest profit, and why are blocks in the BTC network still not mined as expected?

    Theme number two will be the surrender of miners. Why are they selling more than they are mining, is this threatening the price of bitcoin and can there be a hidden meaning? And what happens if all the industrial miners close?


    After a halving

    Биткоин после халвинга
    Bitcoin after a halving

    So, this happened, and the block reward decreased to 6.25 BTC . Probably the most important question: what to mine now, and as The Block research shows, the two most profitable ASICs are Whatsminer M30S ++ manufactured by MicroBT and Antminer S19 Pro from Bitmain:

    [ 19459021]
    Assessment of ASIC miners by profitability by The Block rating

    Note that this assessment was carried out at a bitcoin price of $ 9,700, and now the profitability of both devices has noticeably decreased, but they the best the industry has to offer today.

    It is expected that after the bitcoin halving , we encountered certain problems in the network, and they still have not been completely resolved. So, on May 17, a kind of anti-record was set, when the miners mined a total of 95 blocks per day, instead of the laid 144:

    Can all miners leave bitcoin

    What if not, what if today's huge mining farms eventually turn into abandoned hangars with a bunch of rusty equipment? Could it be that many industrial miners go bankrupt and leave the business? Or even cooler, can it happen that in general all the major miners exit the game?

    In fact, it is quite possible, not tomorrow of course, but after eight or twelve years completely. And this does not mean that bitcoin will be worth a penny, at that time prices of $ 100,000 or $ 200,000 per coin may well be very small. Just the reward for the block will be too small to make sense to mine on an industrial scale.

    And, perhaps, it will even be good, because then in the house of almost every bitcoin user a couple of ASICs will appear and it will help maintain the network. Finally, a real decentralization will come, and let them work in the red, but you are infecting your smartphone from the wall outlet and paying for this electricity. So, in the future it may be with Bitcoin, if you want to use it, if you want to control your finances yourself, then be so kind as to take on certain expenses.

    Read also:

    Coronavirus vs Bitcoin: China disables mining farms

    May 11 halving: what is waiting for bitcoin through month

    Bitcoin farm: how to create and buy a Bitcoin farm

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