Did you know that mining isn't just "turn on your computer, collect bitcoins, and buy yourself a Lamborghini"? 🚀 In fact, it's a real fight for survival. Here's what's happening right now: the price of bitcoin is falling, miners' income is plummeting. And if things continue like this, they'll have to close up shop. 💸
What does PlanB say?
The same PlanB, who came up with the famous Bitcoin S2F (stock-to-flow) model, is not sitting idle. He directly states: in order for miners to start earning again, the price of Bitcoin must DOUBLE. 📈 Yes, yes, twice! And this is not just a whim - it is a matter of survival.
⚡️ Why is that?
After each halving (when the mining reward is halved), the real battle begins. 😤 Profits are falling, and now everything depends not only on the Bitcoin rate, but also on transaction fees. 💀 If the price doesn't rise — bye-bye, mining! Many will start turning off their farms and waiting for times to get better. 🤷♂️
Mining is no longer just about money, it's about sweat and blood for every bitcoin mined. And if the price doesn't go up, someone will be forced to leave the game. And here's the question: are you ready for such swings? 😏
And what then?
Well, first of all, if the BTC price doesn't rise, we may see a massive outflow of miners. And this means that the security of the network may suffer, because miners are not only about income, but also about protecting the entire ecosystem. 🔒 Fewer miners = vulnerable blockchain. 👀
Secondly, transactions may become slower. 🐌 Want to send your bitcoins quickly? You'll have to wait for confirmations. And who needs that? 😩
And finally, if fees start to rise due to a decrease in the number of miners, you will have to pay more for each transaction. 😡 You are not only paying for coffee, but also for high fees. All this is because the price does not catch up with the expectations of miners.
My prediction?
We may see another drop before Bitcoin starts to rise again. 📉 But don't forget that after every drop there is always a recovery. 💪 The strongest miners will stay in the game, and when the weak ones leave, the price can skyrocket again. 🚀
So relax, Bitcoin is a marathon, not a sprint. The game is not over yet. 😉
⁉️ Do you think we're in for growth or another fall? Write in the comments, it'll be interesting to know your opinion! 👇
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