Do Bitcoin mining still works after the last halving?

Hamza2424

legendary

Activity: 966

Merit: 1042

#SWGT CERTIK Audited

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?

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.

dezoel

legendary

Activity: 2044

Merit: 1075

Leading Crypto Sports Betting & Casino Platform

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.

Learn Bitcoin

hero member

Activity: 462

Merit: 767

Instant cryptocurrency exchange with own reserves!

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?

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.

_act_

legendary

Activity: 1106

Merit: 1337

Lightning network is good with small amount of BTC

Quote from: serjent05 on December 24, 2024, 10:12:00 AM

Quote from: Outhue on December 23, 2024, 07:15:24 AM

Quote from: _act_ on December 23, 2024, 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.

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.

Just like I have said, there is nothing called mining plan expiration. The only way it can be used is cloud mining when the person is depending on another sites to be mining for him but cloud mining are scam. And it is good for us to let OP know that cloud mining are scam. It is not wrong to correct someone that is new to something than to mislead him. You are just right, obsolete is what that it is and not what OP meant.

Faisal2202

hero member

Activity: 1428

Merit: 513

Payment Gateway Allows Recurring Payments

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?

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.

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

Quote from: Outhue on December 23, 2024, 07:15:24 AM

Quote from: _act_ on December 23, 2024, 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.

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.

Quote from: Outhue on December 23, 2024, 07:15:24 AM

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.

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.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: cryptomaniac_xxx on December 24, 2024, 03:05:02 AM

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.

Pretty high for a 'solo' miner.

Quote from: -ck on December 21, 2024, 04:17:14 PM

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.

MusaMohamed

sr. member

Activity: 966

Merit: 306

Quote from: fikrett on December 24, 2024, 03:09:35 AM

Especially the ones with cloud mining Grin

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.

▁ ▂ ▄ ▅ ▆ 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.

fikrett

copper member

Activity: 126

Merit: 6

Quote from: EarnOnVictor on December 24, 2024, 02:21:00 AM

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?

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 Grin

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.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

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?

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. Cool

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

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.

EarnOnVictor

hero member

Activity: 896

Merit: 654

Leading Crypto Sports Betting & Casino Platform

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?

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!

fikrett

copper member

Activity: 126

Merit: 6

Quote from: Ziskinberg on December 23, 2024, 09:17:20 AM

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?

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

hero member

Activity: 3010

Merit: 666

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?

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

full member

Activity: 2590

Merit: 228

Quote from: ? on December 23, 2024, 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

copper member

Activity: 126

Merit: 6

Quote from: Outhue on December 23, 2024, 07:15:24 AM

Quote from: _act_ on December 23, 2024, 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

hero member

Activity: 686

Merit: 403

WOLFBET.COM - Exclusive VIP Rewards

Quote from: _act_ on December 23, 2024, 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

hero member

Activity: 602

Merit: 442

A Proud Father of Twin Girls 👧 👧

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?

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

full member

Activity: 420

Merit: 120

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

copper member

Activity: 126

Merit: 6

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

?

Activity: -

Merit: -

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

legendary

Activity: 2870

Merit: 7490

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

Activity: 1106

Merit: 1337

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

Activity: 336

Merit: 365

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

Activity: 1106

Merit: 1337

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

?

Activity: -

Merit: -

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 221 times)