Cryptocurrency

Bitcoin Miners in Trouble!?



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πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#crypto #bitcoin #btc #crypto

34 Comments

  1. Pertaining only the first part of the video, mining pools like nicehash will be mostly uneffected in daily payouts at current price. As difficulty will raise also more miners will be needed to keep hashrate

  2. Yess but there are solutions to the power efficiency of the miners they can set up solar panel farms and recycle the energies from running cycles it’s just a matter of time and money πŸ’°

  3. As a pleb bitcoin miner aspiring to become a big miner, I'm yolo-ing into the most efficient units available, and hosting my units in locations with cheap electricity. Im preparing for the worst, because whoever can survive the coming halfling will be rewarded richly

  4. Let's all be serious about this, they will try their best to paint fear that there will be a crazy tax on minors equipment will be rare in stock and we will see Bitcoin being mined at a lower rate which will not only caused the price to hike from the having in general as they don't sell but as less is produced it will cause the price to spike once that news reaches the surface. There can be Doom all over the place in every media outlet but I promised Bitcoin will prevail strongly in the next 3 years 178k maybe a high maybe a high of 214, 000k, we will get 25% industrial institution money in this next go-around. We should all plan to see 5-7 trillion total market cap in the crypto space.

  5. So more miners will have to stop because they run out of liquid, the fewer miners left will be getting more rewards because there will be less competition fighting for the blocks. Incentives will still prevail.

  6. If bitcoin stays around 30k and electric goes up and miners are taxed, which both will happen, bitcoin could be over. If no one mines it, it is over. Plus government going to war with proof of work energy consumption and we might not ever see new highs. Who will mine it? Coins will be dumped fast and no new blocks will be mined. Tuh zee row. For real.

  7. Bitcoin mining has always been a competition to source the cheapeat energy. If you don't have solar power you won't be profitable. 60% are mining with renewables.

  8. You miss the point…the only way for bitcoin to work is if the price of bitcoin continues to go up. However, if the price stays the same do you really think BTC miners will stop & go back to their $20 an hour job?

  9. The 30 Percent Mining Tax has been cutted… You totally forget about the transactipn costs which the miners get… Stop sending fake news and make FUD, only to make money with shitcoins…

  10. Same thing has been said in the 4 halvings before that too πŸ˜‚πŸ˜‚πŸ˜‚ Come on you can do better than that, only to get views. People start studying bitcoin, don't buy btc unless you have got the basics ❀ Every bitcoiner will be really pleased to answer any serious questions you have 😊

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