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Maybe. What are they gonna move to though? If everyone moves to some other coin (not Bitcoin, because that's different hardware), it'll quickly become unprofita
by pkulak 4y ago
Maybe. What are they gonna move to though? If everyone moves to some other coin (not Bitcoin, because that's different hardware), it'll quickly become unprofitable to mine. They'll just sell their hardware, most likely. Hopefully.
- A4ET8a8uTh0 4y agoWell, there are options. I do not want to point to obvious candidates, because I am biased and it could easily be misconstrued, but RVN just just saw a decent influx of those ETH miners based on recent spike. Life hates vacuum. Short of outright ban, nothing will change in that space.
- dwild 4y ago> RVN just just saw a decent influx of those ETH miners based on recent spike That influx won't increase the revenue though... more miners doesn't produce more coins, it's just more secure. Considering how thin theses margins can be for miners, some will need to stop their production.
- A4ET8a8uTh0 4y agoI will admit that it is hard for me to make a good prediction here. I ridiculous amount of it boils down to psychology and perception and not any kind of fundamentals. The following statement can be true in some instances, but I am not sure if it is true across the board.