Topic: Can Cryto Mining recover in the future? (Read 573 times)
İm sorry but no.its almost non profitable since big companies became monopoly.i think last dump of bitcoin was for it.noone could stay stand if mine bitcoin individually.
crypto mining can recover in the future but requires a lot of processes, especially the price that must be high up. maybe now it can't yet but in the future we can't predict.
I mean, your best bet is to do the calculations as to your own situation (your location, power cost, equipment access, etc).
I don't think it will ever be as profitable as before BTC went mainstream & the media started watching it. It's far too publicized now that the difficulty will always be steady.
IMO, mining is more betting on the future value of Bitcoin w/o having to invest so much of your own funds.
I don't think it will ever be as profitable as before BTC went mainstream & the media started watching it. It's far too publicized now that the difficulty will always be steady.
IMO, mining is more betting on the future value of Bitcoin w/o having to invest so much of your own funds.
Mining became too expensive due to high electricty costs and greedy asics traders. These equipments are very expensive and after some time they are already worthless to mine bitcoins, as there will be a new asic model on the market as soon as possible.
I believe someday mining will worth again, as we are reaching closer to renewable sources of energy, this way it's one less cost to operate a mining business. However the initial investment has to be huge anyway, and the asics will continue expensive and indispensable.
I agree. Mining equipment is getting more expensive but still believe that it will become profitable in the future. We need to use an alternative source of electricity to lessen the cost on it. Mining is good but still you cannot depend on the earning from it, you need another work. I believe someday mining will worth again, as we are reaching closer to renewable sources of energy, this way it's one less cost to operate a mining business. However the initial investment has to be huge anyway, and the asics will continue expensive and indispensable.
It is still profitable for some people. If it wasn't why would they mine? You will just have to choose your location carefully. You will need to buy efficient equipment for mining. The electricity cost is a huge factor over here. If you live in a place where electricity is super cheap, you will be making some good profit. Oh, and as the value of the coin rises, so will your profit from mining.
in the world of crypto mining, it uses a random process. so if the miner does not find a new block, then the miner does not get a profit.
in my opinion, when crypto mining becomes difficult, one of the solutions is to join mining pools and create a mining companies to avoid a little risk by creat a pool that functions to be able to mine Bitcoin together. By determining one coinbase recipient who has been previously appointed. The recipient, called the Pool Manager.
in my opinion, when crypto mining becomes difficult, one of the solutions is to join mining pools and create a mining companies to avoid a little risk by creat a pool that functions to be able to mine Bitcoin together. By determining one coinbase recipient who has been previously appointed. The recipient, called the Pool Manager.
In my opinion, crypto mining has always been relevant. I haven't shut down farms since 2017. Another conversation, that at the beginning of 2017 it was possible to mine ethereum and not worry, then in 2018 it was necessary to look for new coins and mine for the future. It turned out good money after month of keeping. Now the market is being restored and earnings in mining will grow.
But if you have free electricity, you can use any power, and that will be a profit for you because you don't have to pay the electricity, maybe you need to give attention for the maintenance of the hardware.
Who has free electricity? Certainly no large mining farm. I remember having read articles about how students abused their university's electricity to mine crypto currencies, but they have been penalized for that.Free electricity is scarce and if it isn't you generating it, you are subject to fair use policies which nowadays have prohibited mining and whatnot. Mining is a tough industry to be in, and I'm glad I always sticked to buying Bitcoin directly.
Throughout all the years, simply buying Bitcoin has always outperformed the returns that mining Bitcoin has generated. The same applies to investments in start-ups in return for a % stake.
The problem with this is the electricity company can cut off the power whenever they like and they have frequent brown and black outs almost every other night. So this can be rather concerning when your mining because you never know when the power will come back on so you will need to be there to switch back on the systems so to continue mining.
Even if people try to buy solar panel for free electricity this will cost a lot and even so over night the mining is stopped if can't store enough electricity, and also if electricity is not cheap not can get a profit over a month. Maybe in future will change if price will be high.
I have also wanted to find out more about solar power running a mining farm. But they would be limited unless you have a really expensive one to produce enough electricity to run even one asic 24 hours a day 7 days a week at full throttle.The government subsidize these when purchased but only to an extent also reimbursing you every month or year. So if you wanted a higher power one you would need to pay it completely out of your pocket I would imagine.
Even if people try to buy solar panel for free electricity this will cost a lot and even so over night the mining is stopped if can't store enough electricity, and also if electricity is not cheap not can get a profit over a month. Maybe in future will change if price will be high.
But if you have free electricity, you can use any power, and that will be a profit for you because you don't have to pay the electricity, maybe you need to give attention for the maintenance of the hardware.
Who has free electricity? Certainly no large mining farm. I remember having read articles about how students abused their university's electricity to mine crypto currencies, but they have been penalized for that.Free electricity is scarce and if it isn't you generating it, you are subject to fair use policies which nowadays have prohibited mining and whatnot. Mining is a tough industry to be in, and I'm glad I always sticked to buying Bitcoin directly.
Throughout all the years, simply buying Bitcoin has always outperformed the returns that mining Bitcoin has generated. The same applies to investments in start-ups in return for a % stake.
Yes mining now slowly recovering after bitcoin market price surge. It seems that miner now can gain huge profit from bitcoin transaction confirmations on ever transactions. Mining is one way business in cryptocurrency and no way that other users will going to mine bitcoin if it is not profitable. Just think about it why miner continue to mine even bitcoin has fallen down in terms of its market price.
It is not only mean that bitcoin has fall down and miner made some.losses. It is just how to hold bitcoin and sell it in the right time.
It is not only mean that bitcoin has fall down and miner made some.losses. It is just how to hold bitcoin and sell it in the right time.
I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?
It’s true that some miners have already exited the market. The first of these price points is the all-in ROI breakeven level, above which they make a profit on their investment, and below which they make a loss on their investment. However, rational miners can mine at a loss for an extended period and want to mine Bitcoin to accelerate the time to the next difficulty adjustment that could result in greater profitability.
With the market showing an upward trend, Bitcoin mining will be a profitable business when the value of Bitcoin is above $10000. I understand that the amount of Bitcoin that you are getting now is very less as compared to the old days. But the cost of Bitcoin was not much at that time.
The mining business is correlated to the FIAT value of Bitcoin. When the price was less, you were getting more Bitcoin and when the price is going up you are getting less Bitcoin.
It will not be easy in the future, but it will be better to what you were making a few years back.
The mining business is correlated to the FIAT value of Bitcoin. When the price was less, you were getting more Bitcoin and when the price is going up you are getting less Bitcoin.
It will not be easy in the future, but it will be better to what you were making a few years back.
When Bitcoin is above $100000, competition with mining increase. I can see the same scenario of mining as ever increasing hashes and difficulty thus the increase in price is negligible when it comes to profiting in mining industry unless you own a huge mining farm to compete against other giants in the field. The mining industry had already been monopolized so small miners will take little to nothing profit. And if the person is living in a country where electricity is too high, he can forget about mining already.
if the price has reached that level, I think that mining is not an ordinary person but a giant company that mines like real-world mining. But surely mining in the future will be more difficult, because electricity is also increasingly expensive and scarce.
The problem with the difficulty is electricity, if there is no problem in mining equipment, in my opinion. And the second difficulty is the number of blocks mined decreases.
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Its true, i think even if too much expensive when you mine you will also earn profit. But now you focus first for the price and wait the best time to mine. Because of its price is just recovering yet, So in the next years maybe it can recover and many people will mine bitcoin again.Mining became too expensive due to high electricty costs and greedy asics traders. These equipments are very expensive and after some time they are already worthless to mine bitcoins, as there will be a new asic model on the market as soon as possible.
I believe someday mining will worth again, as we are reaching closer to renewable sources of energy, this way it's one less cost to operate a mining business. However the initial investment has to be huge anyway, and the asics will continue expensive and indispensable.
Its true, i think even if too much expensive when you mine you will also earn profit. But now you focus first for the price and wait the best time to mine. Because of its price is just recovering yet, So in the next years maybe it can recover and many people will mine bitcoin again. I believe someday mining will worth again, as we are reaching closer to renewable sources of energy, this way it's one less cost to operate a mining business. However the initial investment has to be huge anyway, and the asics will continue expensive and indispensable.
Bitcoin mining is still a good thing since we are all still sending transactions everywhere.
You can still profit with them at the current Bitcoin price since price will mirror how much you get from mining as in percentage. The more harder to mine the better the rewards as in terms of price since price will become bigger.
You can still profit with them at the current Bitcoin price since price will mirror how much you get from mining as in percentage. The more harder to mine the better the rewards as in terms of price since price will become bigger.
I don't know in what world you live but here things don't work like that..
Oh, checked your avatar, of course, mystery solved.
There is no such thing as harder to mine, easier to mine.
You put your miner to work and he will do his job at the same rate no matter what, the only thing that changes is how many do the same and between how many the reward is split.
So, the more mine, or as you imagined, the harder it is, the LESS you get.
Crypto mining is no longer a short term investment venture but its now a long term investment avenue. The profit margin of crypto mining for short term investment plan is very low compared to long term.
You earn the same amount each day, and with difficulty rising your share goes down and so do our profits unless the price jumps. If it goes down...
So actually, the margin for short term is higher than let's say the 1-year median.
The price of the mining rig is indeed expensive, of course the miners will return the initial capital and get a profit .
Yeah, and that will always because you've said so!!! /s
I remember the days when I was starting in the crypto world. One of the in-demand that time is crypto mining. Some people are buying and setting up their own mining rig. The income that time from mining was very dependable. You can quit your job and just focus on mining but nowadays, bitcoin mining is diminishing due to the high cost of operating expenses and it is really hard to mine bitcoin.
I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?
The price of the mining rig is indeed expensive, of course the miners will return the initial capital and get a profit . While actively mining they will not feel lost even though the value of Bitcoin and other altcoins is in the downtrend though. I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?
I started mining in early 2017. The year 2018 for mining turned out to be very difficult, but nevertheless the mining is still alive and continues to ensure the operability of the Bitcoin network and ethereum as the leading blockchain. I do not know what will happen next with the mining, but I think that during 2019 nothing will change significantly and mining will continue to live and will be with a fairly low profitability. It is possible that in future mining will become industrial and home mining will gradually die away.
I remember the days when I was starting in the crypto world. One of the in-demand that time is crypto mining. Some people are buying and setting up their own mining rig. The income that time from mining was very dependable. You can quit your job and just focus on mining but nowadays, bitcoin mining is diminishing due to the high cost of operating expenses and it is really hard to mine bitcoin.
I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?
As time goes, commercial interest increases and real value of this coin decreases in which I mean the reason it waa created. At first mining was possible with cpu/gpu, then asics were created and now big companies don't want you to mine. They want to capture mining business, work hardly on creating better miners and increasing their hashrate. So as time goes, mining becomes more closer to very commercial/business thing. Sorry but I think it won't recover.I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?
I remember the days when I was starting in the crypto world. One of the in-demand that time is crypto mining. Some people are buying and setting up their own mining rig. The income that time from mining was very dependable. You can quit your job and just focus on mining but nowadays, bitcoin mining is diminishing due to the high cost of operating expenses and it is really hard to mine bitcoin.
I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?
As time goes, commercial interest increases and real value of this coin decreases in which I mean the reason it waa created. At first mining was possible with cpu/gpu, then asics were created and now big companies don't want you to mine. They want to capture mining business, work hardly on creating better miners and increasing their hashrate. So as time goes, mining becomes more closer to very commercial/business thing. Sorry but I think it won't recover. I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?
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