When will mining be a disaster? (When will mining end in 2021?)

When will mining be a disaster? According to btcmanager.com, with the significant rise in the price of Bitcoin, miners are starting to realize that mining is a disaster. When will mining be a disaster? We have now reached this point, and many people are speculating when mining will become a disaster.

1. What is a “disaster”? In the past decade (2011-2015), there were several significant events that could be anticipated – the first major event was the economic sanctions imposed by the US government on Russia and Iran; the second was the financial regulatory policies of the United States; and the third, one of the most destructive blows, was the illegal fundraising activities in the United States and the sharp drop in global money supply, among others. These were all due to various central banks around the world engaging in digital dollar transactions, which caused many countries to face the problem of crypto asset theft. However, when we talk about the crypto world, we always have to consider its security issues – without protective measures to prevent such risks, there will be significant systemic risks.

2. What factors lead to the instability of blockchain technology? The decentralized nature of blockchain technology, such as Bitcoin, makes it more susceptible to attacks and a target for hackers. However, Bitcoin provides a better solution – a trustless consensus mechanism, which achieves higher security and anonymity. The core value of Bitcoin lies in being able to obtain rewards through computation. However, for those who believe in the security of computer code, only a few people are willing to admit that they are malicious scammers.

When will mining end in 2021?

On December 11th, CoinPrint Mining Pool announced that it will suspend BTC and ETH deposit and withdrawal services at 12:00 p.m. (GMT+8) on December 17th, 2020.

According to the latest information, since the halving, the total network hashrate has already exceeded 200T, and based on the current price, it will take about 2 more months. According to the data disclosed by CoinPrint, the approximate time for Bitcoin mining to end before the end of 2021 is the last Friday of 2021. (BlockBeats)