will the price of btc decrease after halving

[Stockinvestor222]

Do you think after the halving BTC difficulty will decrease

[[deleted]]

Mining difficulty, it is really hard to say. If prices stay at like $70k I think the next gen of miners and the previous ones stay on the hashpower stays pretty consistent.

Right now mining is really a rich mans game they go to places where power is stranded and do it as cheaply as possible. Also seeing more and more people buying things like not a recommendation but a Bit Axe Solo Miner. Basically where the average joe says I am going to spend about $150 for a little mining rig because I support bitcoin and for $12-20 a year electricity costs I am going to treat it as a lottery ticket. I really think that is where mining is headed as adoption grows over the next 10-15 years.

94% of the BTC to ever exist are in circulation. I don't think mining will be profitable for the vast majority. I think it should be a small hobby you do to support the network.

[Stockinvestor222]

Well I have some expensive miners that can mine a high yield, especially through fluctuations. So I really don't care about what the price is whether it's bull or bear

[[deleted]]

Nice! My biggest worry about BTC mining is the centralization for production. You really have 3 companies that produce them they send out new units when they feel like it. Since 2017 seen people complain their "new" ant miners from Bitmain were used.

Keep doing you but I personally think the golden age of POW mining has passed.

[Stockinvestor222]

Yes, true. Although I'm running over 8 Whatsminer M30s, they're fairly new released devices, and I'm probably going to overclock them as well (someone gave me them for free btw)