rich1.0npub10tqt6wdc2neye0cxwyphtre6n5uccgur94khtqjdry9wxhrvywlq6w9uu9https://nostr.ae/npub10tqt6wdc2neye0cxwyphtre6n5uccgur94khtqjdry9wxhrvywlq6w9uu9njumphttps://nostr.ae📅 Original date posted:2016-03-09 📝 Original message:On 3/9/2016 1:30 PM, Dave Hudson via bitcoin-dev wrote: > The hash rate has jumped up by almost 70% in the last 6 to 7 months and that implies some pretty serious investments by miners who are quite aware of the halving. There are a few ways in which that information would be irrelevant: [1.] It is possible that miners expect to breakeven before the halving. [2.] It is also possible that miners earnestly believe that there will be no problem -- however: ... [2a.] This belief may be mistaken. ... [2b.] Miners may be counting on Core Devs to fix any problems that come up with anything, this one included. Also, [3.] many miners believe that the price will increase around the time of the halving, either for market-microstructure reasons or marketing reasons. I, personally, think that the price is as likely to go down as up. On 3/9/2016 1:30 PM, Dave Hudson via bitcoin-dev wrote: > These same miners were mining with a coin price around $250 last year so in terms of profitability I'm pretty sure that one around $400 won't be a huge concern. For some miners, currently it costs $X in electricity per coin mined, and $400 / 2 is less than X. I do not know how representative this information is. Paul