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What is the impact of the large price fall on mining?

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Corona is really huge impact right now for crypto world, but also economy of all world. About mining l would say you need to have really a lot of equipment for doing it. With low amount it can not be profitable for you. 

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14 hours ago, Kapil Koirala said:

I think the miners will continue mining even if the price gets down because they can hold it for future.But some small miners may stop it because they cannot earn enough to cover the fee that is due to bitcoin price reduction.

Yes, this is a very good and reasonable possibility. Yes, the big miners will continue to mine and keep the bitcoin until prices rise again, but young miners will not tolerate lower prices and higher costs so they may leave to mining another currency. Thank you.

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The impact which will happen if there have massively falling of price is positive impact sometimes, because if the price is fall sometir the transactions fees which are paid to miners are increased.

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As for large mining operations, you will never stop mining, even if the price is low. You will not be affected by anything. As for small mining operations, I think it will stop for a while until the price rises.


 

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31 minutes ago, Nezar said:

As for large mining operations, you will never stop mining, even if the price is low. You will not be affected by anything. As for small mining operations, I think it will stop for a while until the price rises.

It is true that large mining equipment such as pools and large companies will not stop because this will cause them greater losses than possible, but for ordinary people it is certain that they will stop for a while and then return or leave to mining other currencies.

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From my point of view i would like to say that due to the low mining prices of the currencies miner should not stop mining of it because there will always be a chance of rise in the price of such currencies which will give a massive profit in future. 

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On 4/1/2020 at 10:24 AM, jack0 said:

i think corona virus impact too much to the crypto market. many thousand traders has been died. many big investors died from them.

Dead of traders in crypto due to CORONA Viruses its not the reason of the impact in bitcoin, but the impact in bitcoin is, people are selling their bitcoins in low price to fears that the bitcoin should be dead due to this catastrophic of CORONA.

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4 hours ago, Ayush Singh said:

From my point of view i would like to say that due to the low mining prices of the currencies miner should not stop mining of it because there will always be a chance of rise in the price of such currencies which will give a massive profit in future. 

Yes, your opinion is correct, the miners who look far must know this and realize that the price drop is temporary and they should continue mining and store the currencies they get until a long time because it will certainly increase the prices a lot.

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On 18.03.2020 at 04:32, Crypto123 said:

We all know what is going on in the market today at a great price drop, especially bitcoin.
I want to know what effect this huge price drop has on mining.
We know that mining costs are large, through the costs of buying expensive mining equipment, electricity, maintenance, fees, taxes, and other things that cause high mining costs.
When the price of bitcoin or other mining currencies is high, it is not a problem, because the return from mining covers these costs and gives you a good profit.
In the event that prices drop significantly, it is likely that these returns from mining are no longer sufficient to cover mining costs.
So will the miners stop mining? Or will they continue?
Does the current bitcoin price cover mining costs or is it losing?
Share your opinion, please.

 

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well its something like halving, bitcoin miners will set higher comission to cover their losses so bitcoin my be cheaper but comissions higher 

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7 hours ago, hawkeyee said:

well its something like halving, bitcoin miners will set higher comission to cover their losses so bitcoin my be cheaper but comissions higher 

I don't think they will get a higher commission, especially with the rise of the Bitcoin telegraph network, which is characterized by the speed and the low commission, so no one will send their currencies through the regular network, but rather through the Bitcoin telegraph network because its commission is much lower.

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The formula says the lower the bitcoin price, the higher the profit rate for the two metals. The higher the price, the lower the profit rate. This equation can be applied to your question and you will find the answer.

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43 minutes ago, iloveyobit said:

The formula says the lower the bitcoin price, the higher the profit rate for the two metals. The higher the price, the lower the profit rate. This equation can be applied to your question and you will find the answer.

Your words are true in relation to trading, but I do not think it is true with regard to mining. When you mining bitcoin, you will get some bitcoin and when you sell it, its price will be low and it does not cover mining costs, so the best solution is not to sell these quantities that you get by mining and wait for the prices to rise.

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8 hours ago, ChilBran said:

Large price fall is not halving but but makes mining reward the decrease, but halving world directly on bitcoin itself while price fall works on price while bitcoin is constant in such time. 

well bitcoin price fall is related only to fiat currency, miners doesn't get lower amount in btc if the ration bitcoin-dollar drops so thats it

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22 hours ago, Ngetpa said:

I really do not know about it that is why I got curious and viewed this thread. Upon reading some answers, it helped me know about it that is why thank you for creating this topic.

Curiosity in knowledge is one of the best qualities in a person, it is very good for a person to be curious to know everything about him, and this is what makes him an expert and he has a lot of new and useful information that develops his experiences and knowledge.

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5 hours ago, BitTim said:

The impact isn't at all benefiting there is alot that is entirely involved and we should understand that with mining fall in price does happen and it does not at all benefit so decrease in price does not at all help 

Yes, this is what I want to talk and ask about, it is certain that the low price will negatively affect mining, but what is the solution? Is the solution to leave the mining final? Or is the solution by moving to mining another currency? Or continue and wait for the price increase?

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Mining in general is getting tougher and especially bitcoin. exploitation is more difficult than that. Therefore, when the currency increases or decreases, we still have to ensure large expenditures in exploitation and must definitely be profitable. so the devices. The more the tools are promoted

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7 hours ago, kadayakito said:

Mining in general is getting tougher and especially bitcoin. exploitation is more difficult than that. Therefore, when the currency increases or decreases, we still have to ensure large expenditures in exploitation and must definitely be profitable. so the devices. The more the tools are promoted

Yes, it is certain that falling prices have a significant negative impact on mining, especially bitcoin mining, because mining costs are very high and the difficulty of bitcoin mining increases dramatically, which makes the rewards miners receive insufficient to cover expenses.

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5 hours ago, Atif71 said:

After big downfall in market different cryptocurrency price down specially Bitcoin price goes down when price goes down mining is not profitable because you cannot recover your expenses and maintenance expenses but we hope Bitcoin price definitely increase in coming days this is positive for those people interested in mining but in current days it is very difficult to earn profit

Yes these days it is difficult to make a profit from bitcoin mining because the price is low and mining and maintenance expenses are high and it will get more difficult after halving bitcoin which will happen after about a month from today.

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17 hours ago, HorbiDJ1 said:

I think that miners will continue mining, even if the price falls, because they can hold it for the future. But some small miners can stop this because they cannot earn enough to cover the commission associated with lowering bitcoin prices.

Thank you, my friend, for this good analysis. Yes, this is quite possible. There are some small miners who will be forced to leave mining because it is no longer profitable for them, but big miners will not necessarily stop as mining can and hold it until prices rise.

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Bitcoin miners, in a way, do not play any role in order to increase the value of bitcoin. This determines the fact that it is cryptocurrency trading on exchanges, in terms of volume. 

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8 hours ago, bliznec said:

Bitcoin miners, in a way, do not play any role in order to increase the value of bitcoin. This determines the fact that it is cryptocurrency trading on exchanges, in terms of volume. 

Your words are correct in principle. Miners have nothing to do with determining the price of bitcoin, but the rise or fall of bitcoin has much to do with their work, because the low price of bitcoin will make the rewards they get from mining insufficient to cover the costs and thus they are always doing so that the bitcoin price is high.

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9 hours ago, Crypto123 said:

Your words are correct in principle. Miners have nothing to do with determining the price of bitcoin, but the rise or fall of bitcoin has much to do with their work, because the low price of bitcoin will make the rewards they get from mining insufficient to cover the costs and thus they are always doing so that the bitcoin price is high.

Of course, to miners, it is soon worth selling their bitcoins. Some part, only remains to store bitcoin. 

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56 minutes ago, DoboniAyuuii said:

Miners are the gainers if the price of coin increase, because they will earn more money if they convert the coin normal currency, that is why we need the price of bitcoin to increase, because miners can only be encouraged if the price of bitcoin increase. 

True, my friend, the miners, are the winners if the price of bitcoin increases, and they are also the losers if the price falls or remains the same after Halving, if the price remains low after Halving it will not be enough for mining coverage.

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When the price of bitcoin goes down, the profit also decreases, but the mineral quantities of bitcoin increase and this is a benefit for the miners i think , and vice versa.

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I think that the old reason for that is the economic crises that countries are going through, and the reason for them are the diseases that are directed by the health authorities in the country that have negatively affected the global markets.

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