End of decentralization?

Almost all experts are sure that after the halving in May, mining will become much less profitable.

The margin will decrease significantly, which means that only large players on this market will remain afloat. They have everything under their control: both huge highly efficient farm plants and cheap electricity.

The Block analyst Matthew Yamamoto believes that the remaining miners will reduce spending in all possible ways. It may come to staff cuts.

Most of the hashrate will go to Chinese miners because of the cheapest electricity. So much for decentralization.

Equipment manufacturing companies will also suffer because prices will fall due to the decline in profitability of the industry as a whole. If you don't have a competitive advantage, it will be very difficult to make a profit.

After halving, many miners will become insolvent and creditors will face difficulties during debt liquidation, because the cost of equipment will decrease. In this regard, loans will be issued reluctantly and at a high interest rate.

What can we say about the transaction fee, which can also make a leap up.

Leo Zhang, partner at Iterative Capital, agrees that halving will also hit the lending market. The mined bitcoins are used as collateral for loans, and a decrease in their price will lead to the bankruptcy of miners.

Thus, you can finally forget about home mining. If anyone  is still mining at home.

Small miners hope that the price of BTC will not fall. But CoinMetrics does not exclude such a scenario. After reviewing the history of halving Bitcoin, Ethereum and Litecoin, analysts came to the conclusion that the price of the main cryptocurrency may decline amid expectations of growth. This happened this year with Litecoin.

All participants expected a price jump, but faced with a fall, they were forced to stop unprofitable mining and sell stocks of coins. The abrupt withdrawal of significant amounts to fiat puts a lot of pressure on the market.

With the elimination of inefficient miners, the mining of coins, and therefore their price, will stabilize.

That is, we will see an ordinary monopolization of the asset in which everyone believed so much...