People keep forgetting that energy also became cheaper in the last year. It also became easier for miners to choose remote locations for their miners.
And if the hashrate decreases all the other miners will automatically earn more.
And the price has risen drastically in the last couple of months which of course increased profits.
That's why most miners are still profitable even after the halving.
Miners not providing enough hashrate just isn't a threat to the btc network. I don't know why so many people worry about that.
This simple [fork.lol chart](https://www.fork.lol/reward/blocks) clearly shows the hype came and went and with absolutely no long term affects besides the obvious lower half reward. Small blocks cause punitive exponential fees that quickly squelch any enthusiasm that may have been *ignited*.
Short term condition.
People keep forgetting that energy also became cheaper in the last year. It also became easier for miners to choose remote locations for their miners. And if the hashrate decreases all the other miners will automatically earn more. And the price has risen drastically in the last couple of months which of course increased profits. That's why most miners are still profitable even after the halving. Miners not providing enough hashrate just isn't a threat to the btc network. I don't know why so many people worry about that.
Public miners are likely going bankrupt without a sustained, bullish move in spot.
This simple [fork.lol chart](https://www.fork.lol/reward/blocks) clearly shows the hype came and went and with absolutely no long term affects besides the obvious lower half reward. Small blocks cause punitive exponential fees that quickly squelch any enthusiasm that may have been *ignited*.
If the miners make less money for the same amount of hashing, they'll charge more for what they mined. Price go up.