So question about the #halving,
With the mining rewards being cut in half relatively soonish, how do the large scale (or even individual) miners stay profitable?
The price of BTC would have to double in order for the miners to maintain their current cash flow, right?
Yes, it’s kind of a purge every cycle. I can’t point you to the exact numbers but miners do calculate what is the highest price of electricity/lowest reword where they can stay profitable with the particular fleet.
Whole mining game is on pretty small margins and has to deal with a lot of volatility so basically only the best strategies can win and halving shows who didn’t have a good strategy.
