Replying to nitesh

Won't a bunch of hash rate go offline after the halving until the price reaches a certain level because miners will be unprofitable at the current price? Would be nice to have data based on current energy prices.
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vnprc 1y ago

Maybe. But the hashrate graph has been parabolic for some time now so it's hard to make predictions. A lot of people are throwing a lot of money into mining. They are banking on massive price appreciation to cover their expenses. Do you think the halving will slow them down? I am not so sure...

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nitesh 1y ago

your revenue gets cut in half, I think a lot of miners will turn off their machines. it's so easy to scale down with Bitcoin mining. literally takes them 2 mins.