So, the next halving is coming up in a little over a year. What happens to the miners, which have already been struggling mightily with the current block reward, if the Bitcoin price doesn't go up much between now and then?
So, Core Scientific filed for Chapter 11 last month. Argo Blockchain had to find emergency financing. Greenidge Generation had to restructure their debt. The list goes on and on. Has anyone considered - what happens to these (already hurting) miners, when/if the halving comes and the price hasn't gone up much from here (or say, the price has gone DOWN even more)???
My god, will there be any miners even left after that? This is a serious issue and we need to discuss it, guys. There could really be a bloodbath (financially)!
What are your guys' thoughts on this?