Will Mining Stay Good for the Next Five Years?

[paramind22]

Will mining continue to stay good for the next five years?  How can we insure that it will?  I didn't want to ask this in the Mining section because it seems all the talk there is about particulars of the technology. 

[robelneo]

Will mining continue to stay good for the next five years?  How can we insure that it will?  I didn't want to ask this in the Mining section because it seems all the talk there is about particulars of the technology. 

If you are talking about mining Bitcoin I have some doubts, but if you're going to ask about mining altcoin,there's a big possibility that it will still go on,as long as the current motivation of miners are maintained and investors also.

[jmpFCE2]

Will mining continue to stay good for the next five years?  How can we insure that it will?  I didn't want to ask this in the Mining section because it seems all the talk there is about particulars of the technology. 

you cant insure everything , ask hedge fund managers

[JeffBrad12]

Will mining continue to stay good for the next five years?  How can we insure that it will?  I didn't want to ask this in the Mining section because it seems all the talk there is about particulars of the technology.  

Definitely yes.... that is will always profit.... here your example...

like in 2012 a lot of the volume of block but the price is still lower...  and 2016 block is get halving and the supply is decreased for half but that in another thing the price is increasing for 100% from between $300-$400 and in this time already more than $600 and next the block will get decreased again and maybe the price will going up again... and the final definition that is will always profitable if the value of bitcoin can filling the volume of bitcoin is disappearing caused by halving.

[jmpFCE2]

Will mining continue to stay good for the next five years?  How can we insure that it will?  I didn't want to ask this in the Mining section because it seems all the talk there is about particulars of the technology.  

Definitely yes.... that is will always profit.... here your example...

like in 2012 a lot of the volume of block but the price is still lower...  and 2016 block is get halving and the supply is decreased for half but that in another thing the price is increasing for 100% from between $300-$400 and in this time already more than $600 and next the block will get decreased again and maybe the price will going up again... and the final definition that is will always profitable if the value of bitcoin can filling the volume of bitcoin is disappearing caused by halving.

go all in on GPUs , the douchebag said so

[jmpFCE2]

Will mining continue to stay good for the next five years?  How can we insure that it will?  I didn't want to ask this in the Mining section because it seems all the talk there is about particulars of the technology. 

so enjoy it Troll

[paramind22]

Will mining continue to stay good for the next five years?  How can we insure that it will?  I didn't want to ask this in the Mining section because it seems all the talk there is about particulars of the technology. 

so enjoy it Troll

You insult two posters and call me a troll?  I started the thread.

[Za1n]

Will mining continue to stay good for the next five years?  How can we insure that it will?  I didn't want to ask this in the Mining section because it seems all the talk there is about particulars of the technology.  

There are no guarantees, but if history is a guide, home mining has been profitable in one form or another since Bitcoin began. The big variables always come down to how much you pay for electricity and how long are you comfortable waiting on ROI for your investment.

Some people on this forum think if you can't ROI in 30-60 days anymore, mining is dead. But I ask what investments out in the real world offer ROI is such short periods of time? Even if it takes 6, 8, 12 months to ROI, if mining is still profitable after that point you are still doing great.

As for electricity, if your rate is at or under $0.12 KW/h you should do good most of the time, but you may need to cut back in the summer, especially if you also need to cool your mining space. If you live in a region where you need to heat your house in winter, the mining cost can somewhat (or fully) offset your heating costs. If you have much higher electrical cost that this, mining may not be a good proposition for you. Conversely, the lower your electrical costs the greater the chance of being profitable.

[QuintLeo]

Will mining continue to stay good for the next five years?  How can we insure that it will?  I didn't want to ask this in the Mining section because it seems all the talk there is about particulars of the technology. 

 I look into my crystal ball and the reply is "answer hazy, too many variables to KNOW".


 Just because ROI doesn't manage 1-2 months (or even 6-8 months in most cases) any more doesn't mean mining is dead though.
 It just means it's a high-risk VERY high yield investment instead of a high-risk CRAZY HIGH YIELD investment.


 12c/KWH though is a VERY HIGH electric rate to try to mine at - most options for mining WILL lose money with that kind of rate, and the others that CAN make money won't make nearly as much when you're feeding the power company 50% or more of your gross mining income. It's less of a factor if you have to heat, as it will offset some or all of your heating bill, but most places that's only PART of the year and some places it's a very SMALL part of the year.

 IMO if your power costs much more than 5c/KWH don't plan on achieving ROI on any current coin. If you plan to get the system anyway, mining to help pay off PART of the cost of the system makes sense even at that 12c/KWH the other poster talked about, but NOT for serious long-term intend to make money miners.


 Block halfing does NOT "decrease the supply by half" - it just reduces the rate the supply is ADDED TO - which is minor any more for Bitcoin as over 75% of all Bitcoin have already been mined.

[Za1n]

I just used the 12 cent mark as more of a barrier, or as a point of which below you can probably make it and above you probably will not in the current environment. I did not say anything about it being an optimal price, as it is indeed on the high end as you would have also noted that I said in the same post, the lower the rate the greater the chance for profitability.

[paramind22]

People seem to mine or give up mining on the price of the coin today, not if the coin goes up 10x in a few years.  As if everyone just had money to throw around into speculation.  You can permanently lose a percentage of your money investing, but after cost mining is all gain.

[QuintLeo]

I just used the 12 cent mark as more of a barrier, or as a point of which below you can probably make it and above you probably will not in the current environment. I did not say anything about it being an optimal price, as it is indeed on the high end as you would have also noted that I said in the same post, the lower the rate the greater the chance for profitability.

For perspective - I moved out of an area that had appx 8c/kwh electric cost most of the year because that was TOO HIGH for long term profitability and ability to reach ROI.

 Short term, there's a couple of GPU coins that are profitable at 12c/KWH electric - but you lose almost HALF of your income feeding the power company even with efficient mining setups and that profitability is likely to keep dropping.

 *ALL* of the major farms I am aware of are in areas with electric in the 6c OR LESS range, usually 3c or less.