MultiversX Tracker is Live!

Does halving compromise network security?

Bitcoin Reddit

More / Bitcoin Reddit 90 Views

Call me noob, but there's something I don't understand about Bitcoin halving. Since all miners are operaring at marginal profit due to the difficulty adjustment algo that ensures that the cost to mine a block is roughly equal to the block reward, and since the electricity price and Bitcoin price doesn't change (at least not immediately), then effectively ALL miners will be at -50% income the moment the halving happens. Why would any miner keep mining? Unless of course many miners stop mining, which would mean it becomes easier to mine a block, so more chances to win the smaller reward for those who stay... But less miners means less network security, no? Until, of course, price goes up, so more hashing power gets poured in since it becomes more profitable.

submitted by /u/eyetea-nop33
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments