Well, it seems to me that at a price below $ 5785, mining will be beneficial for many people. This has been proven by recent events, when Bitcoin was at $ 3,500 each. Of course, many miners could work at a loss, but I doubt that their number was more than 20-25%. It all depends on where electricity is bought. For example, in Ukraine, electricity costs $ 0.062 per kilowatt. And it is quite possible that in Ukraine it was mined at the cost price or even with a small income. And there are also certain discounts for the population due to which electricity can be even cheaper.
It is quite good enough to cover mining expenses and still have profits. Of what it happen to the market last year will be something a big struggle for all miners and sadly some of them stopped. As the market shows good trends today, they'll back into mining again and they are so hopefull that they can make a profit this time. 
Topic: Bitcoin mining would bring back excessive profit？ (Read 438 times)
Mining is still profitable if you are mining other coins to exchange for bitcoin.Mining will still be alive untill all bitcoins were mine and untill blockchain network is alive miners are needed for each and every blocks we have which holds our transactions
Any price of bitcoin will still a good one for the miners though its not a high profit but at least, they are still making money.Of course, if the market goes up everything will become profitable especially with the miners and the hodlers. Even though a lot of mining being banned in some places, I still believe that miners will do their job and keep their growing in other country so they can have more money with a help of bitcoin. Bull market will make everything on a big green candles, miners will have their best time again.
Well, it seems to me that at a price below $ 5785, mining will be beneficial for many people. This has been proven by recent events, when Bitcoin was at $ 3,500 each. Of course, many miners could work at a loss, but I doubt that their number was more than 20-25%. It all depends on where electricity is bought. For example, in Ukraine, electricity costs $ 0.062 per kilowatt. And it is quite possible that in Ukraine it was mined at the cost price or even with a small income. And there are also certain discounts for the population due to which electricity can be even cheaper.
There are lots of people who will still mine Bitcoin regardless of the price because they strongly believe in it and most of the miners that stops mining Bitcoin stopped because the price of Bitcoin at that current time isn't favourable to them due to maintenance and electricity costs.
Mining is still profitable if you are mining other coins to exchange for bitcoin.Mining will still be alive untill all bitcoins were mine and untill blockchain network is alive miners are needed for each and every blocks we have which holds our transactions
Miners will always make profit because they are the one who solve the blocks and we need them. Its just happen that miners are just starting to expand their business and that's why their cost are higher but the moment they started mining and the market becomes more stable then huge profit will go to the miners especially with bitcoin mining.
present market conditions and market price of bitcoin we cant expect Btc mining to be portable like before many mining units are shutting down
Mining is still profitable if you are mining other coins to exchange for bitcoin.Mining will still be alive untill all bitcoins were mine and untill blockchain network is alive miners are needed for each and every blocks we have which holds our transactions
As the market has been recovering we can expect profit with mining, till now small scale miners weren't profiting out of mining. Even with the present market I don't think there will be excessive profit, to me the market price of bitcoin needs to grow higher reaching at least $8000 to profit out of mining as different countries have got different electricity consumption costs.
As said, Drastic fluctuation and evolution in the mining machine or methods are the major reason behind the profit. Bitcoin a profitable asset for those who invest and has the potential to bring an excessive profit.
Well, I think that mining is a long term business model and no one should judge it from the returns of the day. Whatever resources are invested in mining can fetch the returns in the long run and that's how this model works. This largely depends on the possibility of the price rise in the future and a reduction in the fixed cost of a mining farm. However, we must also consider the increase in the difficulty rate which can cause major damage to the possible returns.
Bitcoin mining is very lucrative when you decide to going in for a long term investment plan. The profit nature of bitcoin mining strongly depends on how long you decide to mine without pausing or quitting. If you invest $10k into building a mining rig which generates about $50 worth of bitcoin within a day and you decide to mine for a year without touching your Bitcoin earned via mining, the profit will be massive even if the price of Bitcoin is down. Bitcoin mining is not short term something to judge how lucrative it is.
Bitcoin mining is indeed for long terms because its slow to generate income via bitcoin mining but the only advantage is that your income is consistent no matter how low that value of bitcoin are but there are still two things to be considered . one is the electric cost and second is the capital for your mining hardware . if you can afford the electric cost or if the electric cost is too afordable and if you can also afford a mining hardware or a mining rig then that is the time that you can say that bitcoin mining can bring exessive income .
Bitcoin mining is very lucrative when you decide to going in for a long term investment plan. The profit nature of bitcoin mining strongly depends on how long you decide to mine without pausing or quitting. If you invest $10k into building a mining rig which generates about $50 worth of bitcoin within a day and you decide to mine for a year without touching your Bitcoin earned via mining, the profit will be massive even if the price of Bitcoin is down. Bitcoin mining is not short term something to judge how lucrative it is.
Well to be fair, there are still a lot of people/groups hashing bitcoin no matter what its value is, even when we drooped down to $3000 levels for a while. I believe that the enthusiasm and interest have died for a short time, especially when the price kept on tanking, but yeah, the more the price rallies the greater the interest of people will be for bitcoin, again, as was always the case for the past 2 bullish runs. Mining is alive, no matter what the price is, though some miners may have switched off for good or for the mean time when the price is not performing well.
Yeah right because if the is not well huge of lose they can experience of miners. But in rhe other way if miner continue to mined nad keep their bitcoin until the price done well more than 3x profits they can get by doing this strategy holding same priciple by the traders.
Also, there are mining companies who are trying to solve the energy problem that they're facing. They are focusing on having their own energy provider like solar energy.
Renewable energy is already a big thing in the mining industry, but even if Bitcoin's entire energy consumption consists of grean/clean energy, those who are against Bitcoin will still refer to it as energy waste.The problem isn't the energy consumption at all, it's just an excuse they can fall back on to point out how harmful all that energy consumption is. Politicians and other haters don't like Bitcoin and will use anything to put it in a bad position.
The battle against Bitcoin won't stop until even the politicians acknowledge and actually use Bitcoin themselves. It doesn't have to be as a currency, but store of value as digital gold is fine too.
As long as there is Bitcoin, I believe that mining would also exist. They say that mining consumes too much energy but I guess it's just the same as other businesses. Mining is always profitable but miners could gain more if the market situation becomes better and I have no doubt about that. Also, there are mining companies who are trying to solve the energy problem that they're facing. They are focusing on having their own energy provider like solar energy.
Indeed, solar energy would become more efficient on energy consumption compared to the traditional main line source. Green energy with bigger profit could be possible to achieve once all this methods will be followed according to it's effectiveness. Mining really consumes a lot of energy same with other sectors who used electricity in order to run their machinery, so I think miner computers also be considered as machines. Thinking about excessive profit, well I guess it depends on how you run your mining operation; just make it sure you'll able to make it up to the maximum performance.
Some are undermining at a loss, for reasons of state (see China). In order to export currency they are willing to undermine at a loss.
It is a topic of which little is talked about, but which in reality is larger than one imagines.
It is a topic of which little is talked about, but which in reality is larger than one imagines.
OP I don't really get why you're using the term "electrovalence" possibly a translator or something.
Either way you are missing a few key points for mining. Regardless of the price someone will mine profitably; the people with lower power costs. You can see this by checking any profitability calculator out there. So when the price drops people who have higher electrical costs tend to shut down first, this leads to another factor of mining Difficulty adjustments. When miners shut down their farms the network hashrate is reduced, this eventually brings down the network difficutly.
When Difiiculty goes down, you earn more BTC per TH you mine with. So the miners earnings find an equilibrium again. The opposite effect happens when price goes up, more people can afford to mine so they do causing the Difficulty to increase.
I disagree that it's either or. I spent significantly more on my GPU rig than I did buying my first several Asic machines. You run into the same issues with Altcoins that can be considered stable; there is no guarantee of massive gains in anything.
What you are saying about some people leaving and others profiting from it makes sense, of course, but it seems to me that sometimes there remain too many people who mine unprofitably, hoping that eventually they'll be able to compensate their losses. For instance, I believe that is what Bitmain did throughout 2018. A downside here is also that big players tend to be able to stay in business even when things are not going well, whereas the small ones quit. This makes an already pretty centralised mining business even more so. Either way you are missing a few key points for mining. Regardless of the price someone will mine profitably; the people with lower power costs. You can see this by checking any profitability calculator out there. So when the price drops people who have higher electrical costs tend to shut down first, this leads to another factor of mining Difficulty adjustments. When miners shut down their farms the network hashrate is reduced, this eventually brings down the network difficutly.
When Difiiculty goes down, you earn more BTC per TH you mine with. So the miners earnings find an equilibrium again. The opposite effect happens when price goes up, more people can afford to mine so they do causing the Difficulty to increase.
~snip~
In other words, either you have enough money to buy a powerful a** computer or you're better off mining altcoins.
I'm currently mining bpx tokens, the project looks amazing.
In other words, either you have enough money to buy a powerful a** computer or you're better off mining altcoins.
I'm currently mining bpx tokens, the project looks amazing.
I disagree that it's either or. I spent significantly more on my GPU rig than I did buying my first several Asic machines. You run into the same issues with Altcoins that can be considered stable; there is no guarantee of massive gains in anything.
As base on the current market situation, may we can have some but not into an excessive amounts for sure. May consider the numbers of equipment we used, total expenses but the market isn't bringing enough huge demand that we could generate more profits from.
Our market conditions never give a favorable experience today that would affect our profit as well. If prices will be at the bull run, definitely we expect an excessive market profits generation.
Our market conditions never give a favorable experience today that would affect our profit as well. If prices will be at the bull run, definitely we expect an excessive market profits generation.
mining requires large capital, such as machinery for mining, electricity and other things, and what is obtained from mining is altcoin or crypto currency, the crypto currency earnings will be in accordance with the number of machines used, the excess profit depends on crypto prices they get
As long as there is Bitcoin, I believe that mining would also exist. They say that mining consumes too much energy but I guess it's just the same as other businesses. Mining is always profitable but miners could gain more if the market situation becomes better and I have no doubt about that. Also, there are mining companies who are trying to solve the energy problem that they're facing. They are focusing on having their own energy provider like solar energy.
The problem with those people who see negative impact on bitcoin crypto mining is that they really don't understand how it works and yet they think it contributes to sort of environment hazards or something. But they fail to realized that banking sector is far worst, double standard.
It depends on where you mine your Bitcoin, other countries have cheap and abundance of renewable energy that they can used to mine, so they made huge profits. And there are companies that I would say might be in the break-even because of the current price, but it didn't deter them because they known that the price could go up and can make them huge profits in the future.
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