@binagpt, you are likely to get banned for what you have posted. Judging from your name, the account is exclusively created to spam for a website and you are not anyone official of that platform. You wouldn't post a referral link if you were anyone official. You are violating several forum rules at the same time and one of them is bannable offense.
I have reported your post already and it is likely to be deleted in any minute. But if you come back to this thread and read this post, here is why it was deleted.
1. Posting referral links are not allowed.
2. Posting off-topic is not allowed.
Topic: Do Bitcoin mining still works after the last halving? (Read 300 times)
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
If the question is "is it still profitable" than I would say it is only profitable to big companies, and even then it is a big question mark. We are talking about 900 bitcoins mined per day if I am not wrong, which means at 100k valuation per bitcoin, that would be 90 million dollars per day mined so there is a revenue we know that much.
The real question is, between what these companies spend on machinery, and electricity, are they spending 90 million a day? I do not think so, they probably spend less, but it is not really a high margin, plus remember that new miners come out all the time, so that means we are going to end up seeing them spend a lot of money on new machines all the time as well, hence that would mean the profits are quite slim.
Plus they're profitability would definitely depend on the demand for block space in the Bitcoin network. But will there be demand for block space, especially when there's a large part of the Bitcoin community that wants the network to be used merely for financial transactions? I believe not, and it also limits Bitcoin's use case.
If you ask me, if users want to use Bitcoin for on-chain trading dick pics and fart sounds without breaking the consensus rules, than just let them. It would be a bigger problem for the network and ALL of its participants if the demand is not enough to pay for security.
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?
Who said the mining plan is going to expire anytime soon or ever?
Actually on every halving the mining reward for the Bitcoin gets a cut off by the 1/2 like when the Bitcoin network started the initial block reward was 50 and after every 4 years almost more precisely every 210,000 blocks sets a halving event in 2028 the halving will happen at 1,050,000 Block and from the current block reward 3.125 bitcoins to 1.5 and so this loop will continue.
If the question is "is it still profitable" than I would say it is only profitable to big companies, and even then it is a big question mark. We are talking about 900 bitcoins mined per day if I am not wrong, which means at 100k valuation per bitcoin, that would be 90 million dollars per day mined so there is a revenue we know that much.
The real question is, between what these companies spend on machinery, and electricity, are they spending 90 million a day? I do not think so, they probably spend less, but it is not really a high margin, plus remember that new miners come out all the time, so that means we are going to end up seeing them spend a lot of money on new machines all the time as well, hence that would mean the profits are quite slim.
The real question is, between what these companies spend on machinery, and electricity, are they spending 90 million a day? I do not think so, they probably spend less, but it is not really a high margin, plus remember that new miners come out all the time, so that means we are going to end up seeing them spend a lot of money on new machines all the time as well, hence that would mean the profits are quite slim.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
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?
Mining will continue until Bitcoin exists. Once the miners mine all the Bitcoin, they will still run miners because they will still get the transaction fees. I believe Bitcoin will be worth a million by then, and the transaction fees will be enough to cover the expenses of running miners. I am not a miner, but I believe a lot of them will stop mining since the block reward will be half every four years or so.
The mining farms continue to mine regardless of whether they are in profit or loss. Because they know that Bitcoin will pump in the future and they will make a profit. That is how miners recover the loss they did when they continued to mine while it was not profitable.
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
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.
I believe the correct term is obsolete when something new technology is replacing it to compete against other miner, I believe expiration has something to do with life shelf.
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?
There is no concept of mining plan and expiration. it's not like virtual mining as back in 2018 when I was new to BTC and crypto industry I was a newbie and I did joined some plans and they had expiration dates like for 1 year or 10 years although I joined free ones and they had their own cons but this side of crypto was totally useless, as I gained nothing it was a total waste of money and resources. So, to mine BTC, you need hardware equipment and you have to join some pool because solo mining is hard if you have fewer resources. Now there are some sites that can help you to calculate how much power you can get from which machine and in how much time you can recover your investments on the setup, plus you have to calculate the cost of electricity correctly. (calculator)
This site can help you, otherwise, many members have provided good resources. This is a good initiative don't lose hope give it a try but do your research as well before NFA.
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
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.
I believe the correct term is obsolete when something new technology is replacing it to compete against other miner, I believe expiration has something to do with life shelf.
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.
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.
True that, technology become obsolete, if one wants to be in par or have advantage against other miner, they should always upgrade their mining rigs.
Those who hold what they mined not only earn 2x of their normal Bitcoin profit. I believe it is more than that, just think of those miners who hold their mined BTC since the beginning... I bet they had already looking at a hundred thousand times if not million times profit.
It's a solo miner with a huge profit of $300k++.
What are the odds of that miner finding that block?
I understand though, even if we say solo miner, but still this individuals have invested millions in hardware gear and the cost of electricity.
What are the odds of that miner finding that block?
I understand though, even if we say solo miner, but still this individuals have invested millions in hardware gear and the cost of electricity.
Pretty high for a 'solo' miner.
Congratulations to massive miner 3FK6JGHQpvqQatbpzje1yUbPbV9m1YjoKq with 50PH for solving the 295th solo block at http://solo.ckpool.org. A miner this size would solve a block every ~100 days on average.
So it's about 0.006%.
Also, 50 PH means around 200 S21+ or 100 xp+ hydro so anywhere in the 1.5 to 900k range.
At least in theory, he will still need to hit 5-6 blocks at last till he breaks even, even more, if his gear is older and more inefficient.
But if he has rented the hashrate for just a few days and hit that , yes, he is already in profit.
Especially the ones with cloud mining 
In all honesty, the rewards will be reduced and reduced more as time goes on, at some point the fees would be bigger than the rewards themselves.
Cloud mining is scam.In all honesty, the rewards will be reduced and reduced more as time goes on, at some point the fees would be bigger than the rewards themselves.
▁ ▂ ▄ ▅ ▆ Cloudmining 101 (ponzi risk assessment) ▆ ▅ ▄ ▂ ▁
If you don't want to become a victim of Cloud mining scammers, don't join Cloud mining. Things are easy, and too good to be true, have higher chance to be scam.
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 advise you to use Google search in this context to learn about Bitcoin mining as it shows you do not know about the mining itself. Summarily, Bitcoin mining will always happen until the last Bitcoin is mined, but the discouragement is that we've had some halvings which have reduced miner earnings to the point that the new miners earn little or nothing depending on your resources and the plan.But in case anyone is asking you to invest in the Bitcoin mining business, investigate very well, it's a possible scam. I've witnessed some, be warned!
Especially the ones with cloud mining
In all honesty, the rewards will be reduced and reduced more as time goes on, at some point the fees would be bigger than the rewards themselves.
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?
No, ser. Bitcoin doesn't work without hashing because it's what secures the network, it's what functions as a anti-Sybil mechanism, it's what makes it difficult/costly to make changed in the ledger to cause the previous two WHILE also getting incentivized in Bitcoin.
A MEME that explains it. The network asks for the blocks and promises to pay in Bitcoin, but it will not be cheap to find a block.
I'm sure not everyone is familiar with this block,
https://mempool.space/block/000000000000000000008659827d9d3e3f98cb6428ce5149464b44125be5ce19
It's a solo miner with a huge profit of $300k++.
What are the odds of that miner finding that block?
I understand though, even if we say solo miner, but still this individuals have invested millions in hardware gear and the cost of electricity.
https://mempool.space/block/000000000000000000008659827d9d3e3f98cb6428ce5149464b44125be5ce19
It's a solo miner with a huge profit of $300k++.
What are the odds of that miner finding that block?
I understand though, even if we say solo miner, but still this individuals have invested millions in hardware gear and the cost of electricity.
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 advise you to use Google search in this context to learn about Bitcoin mining as it shows you do not know about the mining itself. Summarily, Bitcoin mining will always happen until the last Bitcoin is mined, but the discouragement is that we've had some halvings which have reduced miner earnings to the point that the new miners earn little or nothing depending on your resources and the plan.But in case anyone is asking you to invest in the Bitcoin mining business, investigate very well, it's a possible scam. I've witnessed some, be warned!
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..
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.
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. 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
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.
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
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.
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.
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