Kariuki Posted April 6, 2020 #1 Posted April 6, 2020 Bitcoin mining diffiulcty just went up three times, this is After there was a a discussion and it will be happening during may 2020, according to reports and its reward will decrease siginificantly according to the same reports, you sometimes will get half of what you are getting right now per block chain and its important for me to really find the right idea to mine, its going to be very difficult to get anything from mining. but this also will discourage so many people and at the end , few players will be left in the market and they will form a very nice form of business but I think its time to exit the mining business
Magdsolieman Posted April 6, 2020 #2 Posted April 6, 2020 I agree with you my friend, since last year, mining started to become more difficult and so far with progress things get more difficult and since we are close to half and the price rises, the rate of difficulty of bitcoin mining will increase for this reason. I expect mining lovers to move to lower-priced currencies such as Ethereum and Digicoin
Ali saher Posted April 7, 2020 #4 Posted April 7, 2020 I use 1 year before mining sites but after start bitcoin trading and gambling I leave all mining sites because on mining received very low amount after long time so trading best for profit.
LUBAID95 Posted April 7, 2020 #5 Posted April 7, 2020 Btc is receiving almost all the attention it wanted but it is not raising, because of the ways it is been handled
Aiza824 Posted April 7, 2020 #6 Posted April 7, 2020 It is actually the opposite if the price will not go up through other factors outside mining. Miners will find it more difficult to earn bitcoin so many of them will turn off their mining rigs. As the supply decreases, demand will increase but because no one (or maybe not enough people) may have confidence in investing their money on BTC as price declines because of the current economic recession from the pandemic, the price will still inevitably go down. Take it this way- just like gold, what BTC would be good for against an exogenous crisis? What money can do if everything that it can buy at the moment is quickly exhausting?
sahil777 Posted April 7, 2020 #7 Posted April 7, 2020 yeah bitcoin halving next month and i am 90% sure it will boost the price, the half of bitcoins will wipe out from digital world and demand will be increase which will boost the price, and it can go above 12k, but dont know if it will stay there for long time, lets see whats coming.
Wazboy1996 Posted April 8, 2020 #8 Posted April 8, 2020 Btc has been rising lately we just hope it continues to rise
Salsa Posted April 9, 2020 #9 Posted April 9, 2020 On 4/6/2020 at 5:13 PM, Kariuki said: Bitcoin mining diffiulcty just went up three times, this is After there was a a discussion and it will be happening during may 2020, according to reports and its reward will decrease siginificantly according to the same reports, you sometimes will get half of what you are getting right now per block chain and its important for me to really find the right idea to mine, its going to be very difficult to get anything from mining. but this also will discourage so many people and at the end , few players will be left in the market and they will form a very nice form of business but I think its time to exit the mining business My own suggested is leaves mining and start invest in bitcoin or hold btc..because in mining there has a chance to lose your money moreover nowadays mining is hard and difficult so its time exit mining... Most of bitcoin lover now trade on btc not again mining....thank you
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