Bitcoin MiningTime to Worry?

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Bitcoin mining giants are falling on hard times, what does it mean for Bitcoin and the wider crypto economy?

Sources
https://cointelegraph.com/news/gmo-internet-exits-bitcoin-miner-production-after-recording-extraordinary-loss-in-q4
https://www.ccn.com/extremely-bearish-crypto-vc-says-bitmain-layoffs-could-spell-doom-for-bitcoin-cash-and-litecoin/

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Bitcoin MiningTime to Worry?

32 mashoko

  1. Next halving in May 2020 , BTC has historically boomed a year after mining Halvinglook to sell May 2021

  2. Hey Lark,
    If these big players did slow down or stop mining wouldn’t that be good for the BTC price? Less BTC out there equaling more value?

  3. Not quite, they can’t really speed up the mining with more power, blocks come about every ten minutes. So whether we have a billion computers or a hundred computers mining then there will only be 1800 new Bitcoin made a day, only question is who gets it.

  4. Appreciating the balanced updates (keeping us informed of both the ‘goodand the ‘averagedevelopments). Be brave when others are…. (you know how it goes lol). I am here for the long haul

  5. @Naka Chips
    If you are so smart, then make some content on your channelcome up with some arguments and proofs for your theoriesbut just passin by and callin Lark an idiot is inappropriate.

  6. Another thing that hurt Bitmain was their shitty ethics.

    They would mine on new tech, and push the hashrate to uncompetitive levels, before selling those used miners on the consumers. That alone makes me feel zero sympathy for them. I hope someone can swallow up the staff they’re cutting, and employ those people, while putting them out of business.

  7. Very hard end of the yaer for mining. Zvisingapfuure, i hope that next year should be better

  8. Ehe, USA certainly could be, a few other interesting players to keep an eye on though, Aisirendi, Jojiya, Paraguay, and Russia

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