What Happened At The Satoshi Roundtable — Medium

The next block reward halving is coming up in July. Let’s say that miners on average are able to mine a coin for $250 (I don’t know the exact number, so this is a guess). After the halving in July their cost to mine a coin will double to $500. If the bitcoin price stays around $425, it will be unprofitable for a number of miners to continue mining.

Source: What Happened At The Satoshi Roundtable — Medium

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