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/biz/ - Business & Finance

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57362062 No.57362062 [Reply] [Original]

It costs 34-38k to mine 1 bitcoin. After the halving profits will be cut in half. What does this mean for mining companies?

>> No.57362096
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57362096

>>57362062
all major miners are already owned by jews, miners even have their own stock. now with bakcrock etf approved can you put 2 and 2 together?

>> No.57362105

>>57362062
Who do you think has been dumping their reserves on the market lately? They have buy more rigs to double their hash power. All this means is the btc price will double at the very least. Likely quadruple in the short term.

>> No.57362123

>>57362062
Not could, it's going to happen. Based on projections, power costs will skyrocket over the next two decades. These companies will either shutdown, or find a backwater country to settle in instead.

>> No.57362145

>>57362062
BTC gongo pos

>> No.57362526

>>57362062
Are you legitimately retarded?

Just read a basic introductory text on economics.

If the demand for a commodity stays the same or rises, whereas the supply decreases, the price will go up.

In the history of gold there have been inflationary periods when new fertile gold mines were discovered. They caused the price of gold to go down. This is because the supply increased drastically whereas the demand did not increase proportionally.

Now suppose that, for whatever reason, the cost of establishing or running a gold mining company doubled. What do you think would happen? The gold mining companies would sell at a higher price. The price of gold increases.

Assuming the demand for Bitcoin does not fall, the price is simply going to go up.

>> No.57362565

>>57362062
After halving profits will be cut in half AND costs will double.

>> No.57362644

>>57362096
no sorry i dont get it.

>> No.57362652

>>57362526
yes i am retarded

>> No.57362685

>>57362062

Miners margins are fucked. even more fucked in 4 years. this goes on in perpetuity.

Without a bigger blocksize with more transactions and fees, bitcoin has no future.

>> No.57363462

>>57362565
>After halving profits will be cut in half
Wrong. Look at transaction fees. The subsidy is cut in half, but the amount of BTC they're mining per block is actually gone up the last couple of years. Ordinals have helped miners make more money.
>>57362685
You clearly haven't been paying attention to fees lately.

>> No.57365255

>>57362526
>The gold mining companies would sell at a higher price
no, they would stop mining as the market price of gold is not high enough.

>> No.57365302

>>57365255
then it's no different than any other cartel as long as you and the other miners all agree to let the price rise.
otherwise competitors will race you to the bottom and you and all miners profits are abysmal.