Do Bitcoin mining still works after the last halving? - page 2.

Catenaccio

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Quote from: ? on December 23, 2024, 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 December 23, 2024, 05:17:47 AM

Quote from: Hatchy on December 23, 2024, 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

ABCbits

legendary

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Crypto Swap Exchange

Quote from: ? on December 23, 2024, 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 December 23, 2024, 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 December 23, 2024, 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_

legendary

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Lightning network is good with small amount of BTC

Quote from: Hatchy on December 23, 2024, 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 December 23, 2024, 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

sr. member

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The Alliance Of Bitcointalk Translators - ENG>PID

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_

legendary

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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? - page 2. (Read 300 times)