One thing to say mining bitcoin consumes a large amount of electricity and it would take lots of equipment to manned the mining. There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit. However, it matters on trading and exchanges.
As of this moment and the following years hereafter, we just have to deal with the high cost of Bitcoin mining. Bitcoin has a proof-of-work concept or algorithm and as time goes by, the difficulty of the
work increases. Along with it is the consumption of electricity and its other resources. Thus, making the mining even more costly.
There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit.
no it won't, as long as the equipment is available to everyone. unless you find a way to create a more efficient ASIC and only use it yourself and not give it to anyone else. which is not going to happen, the companies will mass produce it and when they do the hashrate will increase, difficulty will go up with it and the profit will be the same as always.
Or, if you found a way to create more efficient ASIC and sell them to companies who manufactures ASICs then you'll have instant huge profit without even mining.
