I am starting to consider Bitcoin mining but I still need some guidance

[Kalchef]

To all bitcoin miners on this wonderful forum, I want to catch a fact about Bitcoin mining so please help a brother out, I need nothing but the actual fact, what happens after the hype of Bitcoin cools down? What happens after Bitcoin is no more sparing into the sky with new all time high?

Will mining difficulty also go down after let's say Bitcoin dump to 40,000, does this mean that mining become less profitable but the sats to earn will increase?

I am starting to consider Bitcoin mining because a uncle of mine have a old factory with cheap grid power access, but It is just a way of reasoning, I think if Bitcoin value dumps there won't be much interest like right now on mining Bitcoin and difficulty will also go down, I don't have interest in mining now but when the price dumps there are likely two advantages available.

One is slightly dump of difficulty and the other is cheap Asic miners, I heard the price of those miners also go down when Bitcoin dumps, please guide me right.

[planingkoala]

I’ve been noodling around with the same thoughts lately, and weirdly your post kinda mirrored my inner monologue. That bit about waiting for the next dump to pick up cheap hardware? Yeah, makes sense. Price drop usually means ASIC prices cool off too, and yeah, if enough miners unplug, difficulty can ease. But the catch? Timing. Miners who wait for the “perfect” entry often miss the moment. Just keep watching the hashrate and energy cost math. That factory setup might be your quiet ace if things align.

[FP91G]

To all bitcoin miners on this wonderful forum, I want to catch a fact about Bitcoin mining so please help a brother out, I need nothing but the actual fact, what happens after the hype of Bitcoin cools down? What happens after Bitcoin is no more sparing into the sky with new all time high?

Will mining difficulty also go down after let's say Bitcoin dump to 40,000, does this mean that mining become less profitable but the sats to earn will increase?

I am starting to consider Bitcoin mining because a uncle of mine have a old factory with cheap grid power access, but It is just a way of reasoning, I think if Bitcoin value dumps there won't be much interest like right now on mining Bitcoin and difficulty will also go down, I don't have interest in mining now but when the price dumps there are likely two advantages available.

One is slightly dump of difficulty and the other is cheap Asic miners, I heard the price of those miners also go down when Bitcoin dumps, please guide me right.

Mining costs vary widely, and your business's return on investment is important. If your electricity costs no more than 4 cents, I'd go with mining because it's profitable and you can recoup your investment in one year. If your electricity costs 2 cents or less, you can buy a lot of old equipment cheaply and recoup your investment quickly.
The ideal approach is to buy equipment when mining profits are low and then ride a bull market, but that's not so easy.

[Karl_3000]

To all bitcoin miners on this wonderful forum, I want to catch a fact about Bitcoin mining so please help a brother out, I need nothing but the actual fact, what happens after the hype of Bitcoin cools down? What happens after Bitcoin is no more sparing into the sky with new all time high?

Some miners are not encouraged to mine but if they continue to mine and not sell their mined coins, bitcoin price will later increase and they will have massive earning in return.

Will mining difficulty also go down after let's say Bitcoin dump to 40,000, does this mean that mining become less profitable but the sats to earn will increase?

It will only be a speculation. In 2022 which was a very worst year for bitcoin, bitcoin mining hash rate continue to increase. That means the mining difficulty continued to increase at the time.

The ideal approach is to buy equipment when mining profits are low and then ride a bull market, but that's not so easy.

There is no ideal time to mine bitcoin than every time if you can afford to buy miners and have access to cheap electricity.

[TheUltraElite]

To all bitcoin miners on this wonderful forum, I want to catch a fact about Bitcoin mining so please help a brother out, I need nothing but the actual fact, what happens after the hype of Bitcoin cools down? What happens after Bitcoin is no more sparing into the sky with new all time high?

You think the market is running on hype for the last 16 years? If so you have no idea how hype works.

Will mining difficulty also go down after let's say Bitcoin dump to 40,000, does this mean that mining become less profitable but the sats to earn will increase?

40k is a pretty low price compared to what it is today. Such a dump will take a huge volume to occur. Not very likely at a short period of time. However if that happens, a lot of buying will also happen to stabilize the price eventually.

I am starting to consider Bitcoin mining because a uncle of mine have a old factory with cheap grid power access, but It is just a way of reasoning, I think if Bitcoin value dumps there won't be much interest like right now on mining Bitcoin and difficulty will also go down, I don't have interest in mining now but when the price dumps there are likely two advantages available.

So if you are only in the mind to ride the bull wave, you will not be running a full time mining farm. In the proper sense, you should optimize your miners to run such that the profitable times are covered, that is when the bull run is happening and invest in buying ASICs during the bear market.

You might be able to utilize that plot specifically for this purpose. Try to get in touch with the mining gurus in this section to help you out.