βFor #miners to keep the same profit margins after the halving, #Bitcoinβs price will have to rise to $50,000-$60,000 next year, said Kevin Zhang, senior vice president of mining strategy at crypto-mining firm #Foundry, which is owned by industry heavyweight Digital Currency Group.β
Discussion
So halve the number of miners.
Would be nice to diversify the mining. Less huge centralized miners would be a good thing.
This means NgU
But a decrease in profit is paramount to ship those hashing ASICs to individuals all over the world. That is the plan. Price in fiat goes down, mining pools with too many ASICs sell them to keep chasing the fiat carrot and individuals acquire those ASICs and keep stacking Satsβ¦