>coindesk.com
the bitcoin halving redpill, are you ready for this but 10x worse? where will miners go for profits where they can get lots of tx rewards?
The bitcoin halving redpill, are you ready for this but 10x worse...
John Thomas
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Jackson Thompson
LTC halving isn't BTC halving. Look at supply differences and demand you idiot
Ayden Ward
BSV ...its either utter shit or gold
Isaiah Garcia
calling the original bitcoin plan utter shit lmao
Josiah Roberts
Who the fuck even cares about LTC anymore. The whole selling point of it was that it was bitcoin but with cheaper transfer costs but nobody cares about it anymore because it offers nothing else. We have coins that have 0 transfer cost now, who the fuck wants LTC?
Grayson Williams
no worries m8 bitcoin mining will still be massively profitable after halving
Parker Thompson
LTC was designed to be silver to BTC. Lee said so. He 4x the supply and upgrades faster on a network that piggy backs. It's the perfect BTC tesnet. LTC use case is BTC silver/testnet
Asher Nguyen
it's more an indication to the btc halving, tx numbers and fees stay the same but block rewards half, from 12 to 6.
equals miners making MUCH less profits, maybe even dipping into negative, seeing ltc miners making 50cents per day is a joke, why bother?
you can go mine bsv and potentially make a lot more profit from the tx fees to make up for the loss in block reward
otherwise you have to hope and pray that btc price gets pumped for no reason other than you need to make profits
currently the tx fees award 0.34 btc per block which is laughable, they are about to lose roughly 70k usd per block from profits, it's going to be a fucking epic disaster
Camden Perry
Although I don't believe Craig is Satoshi, if mining BSV is profitable or MORE profitable than mining any other shitcoin than I don't see why BSV won't get a major boost int he coming months. For this reason I've entered a sizable position with BSV but I'm not a cultist not hopeful with my position. The moment I sense any doubt or fear I will sell at a loss in a heart beat.
Justin Ramirez
if the miners all shut off immediately because it's costing them to mine, the btc chain will be completely shut down at worst for like 15 days while the difficulty comes down to match the raspberry pies hash power coming in to replace the industrial setups
there will be some epic dumping imo
Austin Martinez
Yeah but during a crypto bear market there won't be hardly anyone using BSV, so it doesn't matter if the miners mine that shit. It's still not going to moon.
Camden Carter
it is a useless coin now. gen one tech and each of its use cases are outshined by countless other projects. nothing but a retard hold at this point
Dominic Lee
>Lee said so.
did he say that in english of chinkish? because he don't particularly likes the "round eyed pink pigs" he scams apparently.
Adrian Rodriguez
>if mining BSV is profitable or MORE profitable than mining any other shitcoin
this profitability is not a static thing. it's very fluid. major hash moving onto sv would make mining it immediately unprofitable for any current miner and them too.
Alexander Allen
this BSV currently has 1-2% of BTCs hashrate. so in order for all miners to move the tx volume would have to grow... dunno 100x? Im losing faith in this project a bit more every day. Craig is constantly out there promising the moon and making wild price predictions. the BSV community is coping because "muh only tech matters dont care about price". its starting to feel more like any other shitcoin. feels very uncomfy desu
Connor Scott
i didn't mean to imply they would all switch to bsv immediately, but firstly get their stores of btc sent to exchanges and then likely switch off everything and assess
Matthew Howard
you should read thecaseforBSV.com ...
Lincoln Young
i would but i dont speak pajeet scammy scammy lingo
Jack Allen
>its starting to feel more like any other shitcoin
it was always just an other shitcoin
Ayden Fisher
the BTC halvening will make the BTC price skyrocket, this will account for miners losing half of the rewards. it all balances itself out.
Jack Evans
miners that were profitable at $4k will be easily profitable at $8k after halving. price can even go down short term into the halving it's kinda expected. smart miners shorted btc at $14k and locked in their yearly profitability.
Jace Taylor
The halvening is a meme. It will not cause btc to skyrocket.
Luis Russell
what a chad, I'm stiffed
Luke Brown
not immediately no, price pumps pre-halving dumps into the halving and after and then when scarcity actually hits the market months later it will shoot up.
Ian Taylor
certainly the very best of sirs