The starter-gun fires indicating LAST LAP!
In this case, the last lap around the sun before BTC rewards halve.
Miners, are you ready to lose half of your revenue? Of course, the price of BTC could double between now and then, or all miners collectively sandbag and further limit the number of on-chain transactions and drive up fees. Outside of that, your operating income will be cut in half.
I know there are quite a few long term energy contracts that will sustain mining for upwards of a year after the halving, but if your not a going commercial concern with close ties to an energy origin, how long can you run on half your income?
There's still plenty of time and a good chance the market (or Tether) sees fit to drive up the price.
I will admit I was stunned when there was very little ebb in hashing power after the last halving. It's very hard to quantify the extent to which a person or company will continue gambling that they can outlast their competitors in a game of economic chicken. They hope their competition can't survive on scale and drops out of contention first.
You've got one lap left to pop the corn and warm the butter. Remember, not too much salt!
Source: 365 days according to fork.lol, bottom of page
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source https://www.reddit.com/r/btc/comments/1335q5s/bang_365_days_til_next_btc_halving/
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