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.
Mining can never seize to operate no matter what the price or market conditions may be even if bitcoin price drop to $1 today there will still be miner's mining bitcoin. Mining is a business and as volatile as the bitcoin price is those who are ready for the business will stick to it whether they are making huge profits when the price is high or running on loses when the price falls. Only those who are not ready for the business will park off during bear market. 
Topic: Bitcoin mining would bring back excessive profit？ - page 2. (Read 452 times)
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.
one Bitcoin miner has been forced to turn to solar power in light of the dwindling profitability of mining for Bitcoin during the bear market. The original poster, Candese, states that not only is solar energy harnessed through panels the cheapest form of power available to them, but the savings made on taxes and through not having to transfer power from the grid are expected to be as much as 75%
Bitcoin mining is only feasible in places where electricity is cheap. If the electricity is not cheap, then the expense of bitcoin mining is too much. Using Solar energy is also a good way to reduce the mining cost and if someone has a proper setup of solar panels, he can earn a good profit from mining.
There are places in our land where the price of electricity is so low that it allows you to engage in mining and now profitably for yourself. So why not mine bitcoin?
What make an influence on Bitcoin mining is computing power, difficulty of computing power and electrovalence. Among them, the electrovalence can be seen as a constant value for the reason of smooth fluctuations under the annual mining contract. There are generally two reasons for drastic fluctuation. One is the evolution of mining machines or methods resulting in halving the reward of Bitcoin; the other is the value of Bitcoin mining won’t increase more than the fluctuation of Bitcoin price.
Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).
Actually I am not very familiar with the purpose of electrovalence, you are right about the value of bitcoin which determines whether it is profitable to be mined. I've done mining by making a mining rig with a device that can be considered standard, from my calculation with the current price after being reduced by operating costs during mining is just a waste of time, ok here I'm sure the miner has a method or technique to maximize the tools , but still if the operational costs are greater than the crypto value at times with the amount of bitcoin we get. Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).
Bitcoin mining is no longer profitable since more than one year. Equipment became more expensive and mining difficulty increased over time.
Next year will be a new halving, meaning that rewards will diminish, too.
Not just the equipments are expensive but the whole operation as well,specially the electricity in which increasingly in the last yearsNext year will be a new halving, meaning that rewards will diminish, too.
For me mining days are over and nothing can be profitable even a mining farmers i think better find another way of investing than this non profit field
Bitcoin mining is no longer profitable since more than one year. Equipment became more expensive and mining difficulty increased over time.
Next year will be a new halving, meaning that rewards will diminish, too.
But some people who have big power in bitcoin mining will still mine bitcoin even if the price is down as we saw today. They only believe that in a long time, bitcoin price will increase higher and they are trying to collect as much bitcoin as they can so when the time comes, they can sell the bitcoin at the very highest price.Next year will be a new halving, meaning that rewards will diminish, too.
But for people who don't have a big power in the hashrate and they cannot cover their electricity fee, they'd better shut down the mining process, and they will change the other way to make a profit.
Bitcoin mining is no longer profitable since more than one year. Equipment became more expensive and mining difficulty increased over time.
Next year will be a new halving, meaning that rewards will diminish, too.
Next year will be a new halving, meaning that rewards will diminish, too.
People who treated bitcoin as a good investment for future still doing this practice, they still believing that bitcoin will increase it's value, they have a good insight that even the profitabilities is not that much but by keeping it for a while will bring them good result after, this miners who have a good faith with this industry, foreseen the future bounce will let them to keep holding.
Miners will continue as it's an habitual act for them to enjoy this market.
Miners will continue as it's an habitual act for them to enjoy this market.
one Bitcoin miner has been forced to turn to solar power in light of the dwindling profitability of mining for Bitcoin during the bear market. The original poster, Candese, states that not only is solar energy harnessed through panels the cheapest form of power available to them, but the savings made on taxes and through not having to transfer power from the grid are expected to be as much as 75%
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,
that is because the profit you make from mining does not exactly depend on the price of bitcoin. it depends on the price and how much it costs YOU to mine bitcoin. and since difficulty adjusts based on hashrate and that adjusts based on price (to some extent) then it means theoretically your profit can be the same no matter what the price is. for example if you earn 1BTC per day at $3000, if price goes up to $6000 you will start earning 0.5BTC per day because hashrate goes up with it.
(of course that is simplifying things a lot, in reality there is a lot of additional complications and hashrate doesn't change as fast as price and a lot of other things but the basic idea is this)
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.
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.
I agree with you. engine quality affects the value of the mining cycle. there is one more thing that can affect mining volatility. the activity of miners also affects the world of bitcoin mining. when mining BTC a little. then the hashrate and mining pool will drop drastically.
Many miners are still making a profit from mining, and some have already switched to a cheap renewable source of power in other to cut operational running cost and maximize profit. It's not bitcoin mining machines that determine the halving of the bitcoin mining reward, but it's the way it has been programmed and this happens every four years and the next halving is expected next year, in which reward per block will be reduced from the current 12.5BTC to 6.25Btc. Mind you, price is predicted to increase significantly as miners are likely to stop selling for cheap because of the reduced block reward and a ftp://further increase in the mining difficulty.
Even when the price of bitcoin cross $5785 large scale mining firms were gonna get profited. From my understanding the chances for profiting through small scale mining is really hard and to what extent this is gonna happen is unidentified. Even in countries with the least electricity consumption it is impossible to get a better earning through mining with the prevailing market condition.
What make an influence on Bitcoin mining is computing power, difficulty of computing power and electrovalence. Among them, the electrovalence can be seen as a constant value for the reason of smooth fluctuations under the annual mining contract. There are generally two reasons for drastic fluctuation. One is the evolution of mining machines or methods resulting in halving the reward of Bitcoin; the other is the value of Bitcoin mining won’t increase more than the fluctuation of Bitcoin price.
Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).
Do we still have a legit platform for Bitcoin mining, because I came to realise late last year that many Bitcoin mining platform turned scam. And the only one we can recommend is that if hashrate, Genesis mining and so on. Mining in other words its not too profitable let's say in this present time. Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).
I think there are still people who are still mining regardless of the price, they are not losing money as long as they are not selling what they have mined. Just keep it till the price goes back up. The problem is the fluctuations of mining difficulty and hash rates and not to mention the price of mining equipment itself and electricity cost.
Definitely there are, no transaction will be confirmed if there are no more miners there. Mining farms are still in operations because they have planned it well on how to continue if ever the market isn't favorable to most. There's alternative energy that they probably invested if ever they aren't living to the countries that has nice weather and cheap cost of electricity. And for those who are living in that kind of country, this isn't a big deal to them. Operations and business as usual.
Miners who are in countries with low electricity costs like China may probably not affected much by Bitcoin price but for countries who have to cope up paying too expensive electricity plus their mining device maintenance and value together with the drop in bitcoin price I don't know how much profit do they get from mining or probably they don't mind the cost and just consider them investment and wait for the bull run.
The issue with a lot of the hardware that's used for mining is the fact that it doesn't have much use outside of crypto mining. They invest tens of thousands if not hundreds of thousands of dollars into this equipment and simply don't have any way to recoup the loss if they can't sell it to other miners. While it's easy enough to maintain the current infrastructure they have, their margins are already relatively slim. I'd say that $3000 was the lowest that most of them could go before they were mining at a loss, now it's about a 50% profit from their bottom line. They might have even been selling at a loss at $3000 and just had leftover funds to carry them through to the next bull run, like what we have now. I'm not entirely sure, but if anyone knew what exchanges the miners use, it might be possible to determine their historical bottom lines. That'd require a lot of effort, and the payoff might not be worth it though. 
Miners who are in countries with low electricity costs like China may probably not affected much by Bitcoin price but for countries who have to cope up paying too expensive electricity plus their mining device maintenance and value together with the drop in bitcoin price I don't know how much profit do they get from mining or probably they don't mind the cost and just consider them investment and wait for the bull run.
Bitcoin mining is still there regardless of what happened with the profit of miners but sadly when you start today to mine it you must have a good amount of investment capability to buy the latest Mining hardware.
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