Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[aryan4]

Miners continue to add new earnings to their earnings. Miner earnings seem to continue to increase, according to the latest data released. The latest data show that miners earned $ 1.7 billion during the month of April.
What do you think of the ongoing miner earnings?

 

[Josemendez]

Am not surprised by this figure because there were a lot of buys from top Institutions in April and March . Secondly , the price of bitcoin maintain $50k value as well

 

[microunit]

Not surprise myself, I think more and more people are getting into mining because of the rises in prices too, So majority of them I think are gaining big profits

 

[Wisdom01]

The reason is due to the high price of bitcoin and miners keeps holding the mined bitcoin, so when the price of bitcoin increase they make profit

 

[Josemendez]

The reason is due to the high price of bitcoin and miners keeps holding the mined bitcoin, so when the price of bitcoin increase they make profit

Another reason why they holdl is the fact that mining Bitcoin presently is not really that easy because of some issues and this is a problem in itself.

 

[Manish200]

Alot of high end investors opted in since last few months and they have been eyeing for huge profits, so it doesn't seem to be a big surprise to see such numbers. Hopefully the earnings will keep increasing in the upcoming months.

 

[Wisdom01]

Another reason why they holdl is the fact that mining Bitcoin presently is not really that easy because of some issues and this is a problem in itself.

Yeah mining bitcoin is becoming hard almost every year , and miners have no option than to start holding ,and some are actually mining to hold for long term ,and not for short term holding because they are sure of the price

 

[Josemendez]

Yeah mining bitcoin is becoming hard almost every year , and miners have no option than to start holding ,and some are actually mining to hold for long term ,and not for short term holding because they are sure of the price

Sure , most investors are quite comfortable with bitcoin price being something to have faith in. People are comfortable holdl it compared to other cryptocurrency

 

[Wisdom01]

Sure , most investors are quite comfortable with bitcoin price being something to have faith in. People are comfortable holdl it compared to other cryptocurrency

Same with me because i know its not a trash coin that could just fall to a large percentage in a short time frame,that is why miners mines it more

 

[Josemendez]

Same with me because i know its not a trash coin that could just fall to a large percentage in a short time frame,that is why miners mines it more

Sure . The price is a good one for miners because they will be able to recover what they have spent on mining when they sell the coin .

 

[sh199]

It's not surprising. After the bitcoin price hike. peoples are now leaning toward mining. even now, many machines are now came, which have many features and high hash power

 

[Josemendez]

It's not surprising. After the bitcoin price hike. peoples are now leaning toward mining. even now, many machines are now came, which have many features and high hash power

Indeed this is part of the reason why people are strongly beliving in bitcoin despite the fluctuations . It is better investment with guarantee results

 

[sh199]

Indeed this is part of the reason why people are strongly beliving in bitcoin despite the fluctuations . It is better investment with guarantee results

Yeah, but mining is now becoming more popular with more cost. New machines come with greater hash rates and they consumes more electricity. Miner also trying to find alternatives ways to reduce the electricity cost.

 

[aryan4]

I found a graphic like the one below. The graph shows the monthly miner income over the years. The graphic on which the general rise can be seen may attract the attention of our interested friends.

 

[Josemendez]

Yeah, but mining is now becoming more popular with more cost. New machines come with greater hash rates and they consumes more electricity. Miner also trying to find alternatives ways to reduce the electricity cost.

I read somewhere that some of the miners have adopted the use of solar energy for mining and it has been helpful and cost efficient

 

[SCAMEXPOSER]

Miners needed to have alternatives sources of energy to enable them mined as planned because bitcoin is now very lucrative and profitable now.

 

[AudraMiller]

Miners continue to add new earnings to their earnings. Miner earnings seem to continue to increase, according to the latest data released. The latest data show that miners earned $ 1.7 billion during the month of April.
What do you think of the ongoing miner earnings?

I think that this in itself shows the massive increase in the price of bitcoin, and may even prompt a halving event before its time, if this is possible. I think that it may be necessary to try and control teh new supply.

 

[SCAMEXPOSER]

I am wondering what the price of bitcoin will be before and after the next halving which is coming up in the next three years. What's your view

 

[AudraMiller]

I am wondering what the price of bitcoin will be before and after the next halving which is coming up in the next three years. What's your view

I think that the price of bitcoin will definitely rise drastically after the next halving event especially since the supply and the mining rewards will be lowered. However, with the value increasing, it seems that the value of mined bitcoins though harder, may still be the same.

 

[SCAMEXPOSER]

I think that the price of bitcoin will definitely rise drastically after the next halving event especially since the supply and the mining rewards will be lowered. However, with the value increasing, it seems that the value of mined bitcoins though harder, may still be the same.

You are right because it is expected that the level of integration of Crypto currencies by many players will continue to rise.