RATE Group | What the Future Holds for Bitcoin Miners
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What the Future Holds for Bitcoin Miners

12 Oct What the Future Holds for Bitcoin Miners

Posted at 14:09h in Bitcoin News by

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Halving and Beyond: What the Future Holds for Bitcoin Miners 101
Source: iStock/da-kuk

Reward for mining Bitcoin (BTC) is estimated to halve in May 2020, dropping from today’s compensation of BTC 12.5 to only 6.25. The question is: how will this change the behavior of bitcoin mining companies/pools, and how will the bitcoin mining sector evolve more generally in the months and years to come?

On the one hand, experts working in the sector predict certain developments with some degree of assurance: mining machines will become more advanced and powerful, energy consumption will move increasingly towards renewables, and production costs will be squeezed downwards.

Yet on the other, the difficulty of predicting bitcoin’s price makes it correspondingly difficult to predict just how profitable mining will be and whether miners will hoard or sell BTC in anticipation of next year’s halving.

Mining equipment, hashrate and difficulty

Despite these uncertainties, it’s very likely that the computational power of the ASICs and mining units used by…

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