Do Bitcoin mining still works after the last halving?

fikrett

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Quote from: Ziskinberg on Today at 09:17:20 AM

Quote from: ? on Today at 04:46:37 AM

If bitcoin mining still works after the latest halving, how much can someone invest in the mining of the bitcoin and how much bitcoin is it likely to generate before the mining plan expires?

Always think twice if you are planning as nowadays, bitcoin mining isn’t for everyone anymore, especially individual miners as it’s not as profitable as it used to be. With every halving, the block reward decreases, but the costs of mining (like electricity and hardware) either stay the same or even go up. That’s why cost analysis is neccessary to know if its still worth it.

Since the block reward decreases over time, mining only becomes attractive if Bitcoin’s price rises enough to compensate. However, if you’re a miner who views your earnings as a long-term investment rather than immediate profit, you’ll probably be fine regardless of the market status.

At that point, it's better just to buy BTC itself rather than try to mine it individually.
Lots of factors should align with each other for that to work out today..

Ziskinberg

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Quote from: ? on Today at 04:46:37 AM

If bitcoin mining still works after the latest halving, how much can someone invest in the mining of the bitcoin and how much bitcoin is it likely to generate before the mining plan expires?

Always think twice if you are planning as nowadays, bitcoin mining isn’t for everyone anymore, especially individual miners as it’s not as profitable as it used to be. With every halving, the block reward decreases, but the costs of mining (like electricity and hardware) either stay the same or even go up. That’s why cost analysis is neccessary to know if its still worth it.

Since the block reward decreases over time, mining only becomes attractive if Bitcoin’s price rises enough to compensate. However, if you’re a miner who views your earnings as a long-term investment rather than immediate profit, you’ll probably be fine regardless of the market status.

kotajikikox

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Quote from: ? on Today at 04:46:37 AM

If bitcoin mining still works after the latest halving,

It does. It will always do even after how many mining happens. What mining does is only cuts miners’ rewards into half but it doesn’t make mining not functional anymore.

Quote

how much can someone invest in the mining of the bitcoin and how much bitcoin is it likely to generate before the mining plan expires?[/b]

No there’s no such thing as mining plan expiration unless you are subscribing to a specific platform. Which I don’t think is even possible. But you could buy mining hardware and software, all differ in prices depending on the efficiency of each so it is also difficult to calculate the point where you start earning profit without the actual costs.

fikrett

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Quote from: Outhue on Today at 07:15:24 AM

Quote from: _act_ on Today at 05:13:19 AM

There is nothing like mining plan expiration.

You will need to get yourself a miner (mining machine), good source of electricity and probably some other things. Miners are electricity demanding. You need access to cheap electricity. Miners are very costly.

To begin with, read this: https://bitcointalk.org/index.php?topic=5523874.new#new

You will also need to join a mining pool. Before you start, make use of mining calculator like this one to calculate if mining will be profitable for you or not: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=100&HashingUnit=TH/s&PowerConsumption=1500&CostPerkWh=0.12&MiningPoolFee=1

There is indeed mining expiration, not on the Bitcoin network itself but for the Asic miners that we invest thousands of dollars on, since the mining difficulty increases every time it becomes very hard for Asic miners to remain profitable, gone are the days when S9 Asic miners are profitable, they can't do a shit now than to use on other coins that are based on sha-256 algorithm.

Asic miner expires but not Bitcoin mining, so miners also need to always think about the future, they must always upgrade their miners after every few years, this is why Bitcoin miners must always mine and hold their Bitcoin, because this is the most profitable mining strategy that I know.

Holding for the long term will make you earn 2x of your normal bitcoin mining profits, the most successful bitcoin miners around the world mines and hold their Bitcoin, today they are the real MVP.

Never went hard on the mining, but it seems like it's hardcore nowadays to stay afloat using this path in the crypto space, at least on Bitcoin.
One should have good electricity cuts and the equipment to still get the rewards rolling.

Outhue

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Quote from: _act_ on Today at 05:13:19 AM

There is nothing like mining plan expiration.

You will need to get yourself a miner (mining machine), good source of electricity and probably some other things. Miners are electricity demanding. You need access to cheap electricity. Miners are very costly.

To begin with, read this: https://bitcointalk.org/index.php?topic=5523874.new#new

You will also need to join a mining pool. Before you start, make use of mining calculator like this one to calculate if mining will be profitable for you or not: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=100&HashingUnit=TH/s&PowerConsumption=1500&CostPerkWh=0.12&MiningPoolFee=1

There is indeed mining expiration, not on the Bitcoin network itself but for the Asic miners that we invest thousands of dollars on, since the mining difficulty increases every time it becomes very hard for Asic miners to remain profitable, gone are the days when S9 Asic miners are profitable, they can't do a shit now than to use on other coins that are based on sha-256 algorithm.

Asic miner expires but not Bitcoin mining, so miners also need to always think about the future, they must always upgrade their miners after every few years, this is why Bitcoin miners must always mine and hold their Bitcoin, because this is the most profitable mining strategy that I know.

Holding for the long term will make you earn 2x of your normal bitcoin mining profits, the most successful bitcoin miners around the world mines and hold their Bitcoin, today they are the real MVP.

Obari

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Quote from: ? on Today at 04:46:37 AM

If bitcoin mining still works after the latest halving, how much can someone invest in the mining of the bitcoin and how much bitcoin is it likely to generate before the mining plan expires?

I believe this your post must have dragged the attention of some scammers to your pm, hence you should be very careful if you get any pm about mining.
Secondly, no one should tell you about cloud mining, as there’s nothing like that again for bitcoin and you should follow up the first comment on your post with links as I think those are very useful links that will help you get a head start in mining.

I don’t know how best to say this, but I know of a place you can get a electricity very cheap in my country because they’re electricity has already been subsidized and for a miner which is very electricity demanding, I think having your miners installed over here will get you more profit than expected.

Catenaccio

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Quote from: ? on Today at 04:46:37 AM

If bitcoin mining still works after the latest halving, how much can someone invest in the mining of the bitcoin and how much bitcoin is it likely to generate before the mining plan expires?

If Bitcoin mining did not work after the latest halving, I am doubtful that why are you here?

Newbies in Bitcoin market join it mostly because of a Bitcoin halving, noise about it, and growth of Bitcoin price in a bull run after its halving. It's your main reason to be here, and it means Bitcoin mining industry still works, and works very well.

If miners don't have profit from Bitcoin mining, they would have stopped their mining activities already.

Bitcoin network hashrate has made its highest ever number.
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#3y

fikrett

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Quote from: _act_ on Today at 05:17:47 AM

Quote from: Hatchy on Today at 05:15:01 AM

Some how your question seems a bit odd to me, what you mean by before mining plan expires .

He does not know about mining is what I think of. Also he might have read about cloud mining but which are not profitable and all of them now are scam.

Probably that, or he would try to go on and talk about one of these services in the future.
Hopefully, that wouldn't be the case.
Roll Eyes

?

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bitcoin mining remains profitable only for those who have access to cheap electricity and can afford high performance hardware. For most individual miners, profitability may be slim unless bitcoin's price increases significantly or mining difficulty decreases. it's important to calculate potential returns using mining profitability calculators to get a better sense of whether it's worth investing based on your local conditions.

ABCbits

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Quote from: ? on Today at 04:46:37 AM

If bitcoin mining still works after the latest halving

It works, otherwise no blocks will be generated and Bitcoin will die.

Quote from: ? on Today at 04:46:37 AM

how much can someone invest in the mining of the bitcoin

As much as they're willing to spend.

Quote from: ? on Today at 04:46:37 AM

and how much bitcoin is it likely to generate before the mining plan expires?

There's no thing such as "mining plain", unless you refer to cloud mining which usually scam or not profit. As for amount of Bitcoin you could mine (not generate), it depends on various aspect such as your mining hashrate and Bitcoin mining difficulty. You could use mining calculator to get rough estimation.

_act_

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Quote from: Hatchy on Today at 05:15:01 AM

Do you plan on going for solo mining? If that's what you wish to go for, then you would need to get some gears, pay for electricity cost and set up your own mining rigs. And your successful mining of a new block would depend on how much hashrate you can generate. Though some people prefer joining mining pools as in solo mining, there's little chance you would mine even a block as the competiting power would be low and at high cost, compared to the combined hash power coming from a mining pools.

Solo mining is not what he should go for, he needs to join a pool.

Quote from: Hatchy on Today at 05:15:01 AM

Some how your question seems a bit odd to me, what you mean by before mining plan expires .

He does not know about mining is what I think of. Also he might have read about cloud mining but which are not profitable and all of them now are scam.

Hatchy

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Do you plan on going for solo mining? If that's what you wish to go for, then you would need to get some gears, pay for electricity cost and set up your own mining rigs. And your successful mining of a new block would depend on how much hashrate you can generate. Though some people prefer joining mining pools as in solo mining, there's little chance you would mine even a block as the competiting power would be low and at high cost, compared to the combined hash power coming from a mining pools.

Some how your question seems a bit odd to me, what you mean by before mining plan expires . You have to be extremely careful online as there are lots of scam sites, claiming to mine Bitcoins and get you rewarded depending on your mining plans.. I've seen some shit like that before online...

_act_

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Lightning network is good with small amount of BTC

There is nothing like mining plan expiration.

You will need to get yourself a miner (mining machine), good source of electricity and probably some other things. Miners are electricity demanding. You need access to cheap electricity. Miners are very costly.

To begin with, read this: https://bitcointalk.org/index.php?topic=5523874.new#new

You will also need to join a mining pool. Before you start, make use of mining calculator like this one to calculate if mining will be profitable for you or not: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=100&HashingUnit=TH/s&PowerConsumption=1500&CostPerkWh=0.12&MiningPoolFee=1

?

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If bitcoin mining still works after the latest halving, how much can someone invest in the mining of the bitcoin and how much bitcoin is it likely to generate before the mining plan expires?

Topic: Do Bitcoin mining still works after the last halving? (Read 87 times)