Bitcoin mining would bring back excessive profit？

[jakezyrus]

Bitcoin mining is very lucrative when you decide to going in for a long term investment plan. The profit nature of bitcoin mining strongly depends on how long you decide to mine without pausing or quitting. If you invest $10k into building a mining rig which generates about $50 worth of bitcoin within  a day and you decide to mine for a year without touching your Bitcoin earned via mining, the profit will be massive even if the price of Bitcoin is down.  Bitcoin mining is not short term something to judge how lucrative it is.

Bitcoin mining is indeed for long terms because its slow to generate income via bitcoin mining but the only advantage is that your income is consistent no matter how low that value of bitcoin are  but there are still two things to be considered . one is the electric cost and second is the capital for your mining hardware   . if you can afford the electric cost or if the electric cost is too afordable and if you can also afford a mining hardware or a mining rig then that is the time that you can say that bitcoin mining can bring exessive income .

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[Dudeperfect]

Well, I think that mining is a long term business model and no one should judge it from the returns of the day. Whatever resources are invested in mining can fetch the returns in the long run and that's how this model works. This largely depends on the possibility of the price rise in the future and a reduction in the fixed cost of a mining farm. However, we must also consider the increase in the difficulty rate which can cause major damage to the possible returns.

[cipherhut]

As said, Drastic fluctuation and evolution in the mining machine or methods are the major reason behind the profit. Bitcoin a profitable asset for those who invest and has the potential to bring an excessive profit.

[AjithBtc]

As the market has been recovering we can expect profit with mining, till now small scale miners weren't profiting out of mining. Even with the present market I don't think there will be excessive profit, to me the market price of bitcoin needs to grow higher reaching at least $8000 to profit out of mining as different countries have got different electricity consumption costs.

[Astvile]

Mining is still profitable if you are mining other coins to exchange for bitcoin.Mining will still be alive untill all bitcoins were mine and untill blockchain network is alive miners are needed for each and every blocks we have which holds our transactions

[blockchainwriters]

present market conditions and market price of bitcoin we cant expect Btc mining to be portable like before many mining units are shutting down

[crzy]

Mining is still profitable if you are mining other coins to exchange for bitcoin.Mining will still be alive untill all bitcoins were mine and untill blockchain network is alive miners are needed for each and every blocks we have which holds our transactions

Miners will always make profit because they are the one who solve the blocks and we need them. Its just happen that miners are just starting to expand their business and that's why their cost are higher but the moment they started mining and the market becomes more stable then huge profit will go to the miners especially with bitcoin mining.

[Bountyhonter]

There are lots of people who will still mine Bitcoin regardless of the price because they strongly believe in it and most of the miners that stops mining Bitcoin stopped because the price of Bitcoin at that current time isn't favourable to them due to maintenance and electricity costs.

[aad140386]

Well, it seems to me that at a price below $ 5785, mining will be beneficial for many people. This has been proven by recent events, when Bitcoin was at $ 3,500 each. Of course, many miners could work at a loss, but I doubt that their number was more than 20-25%. It all depends on where electricity is bought. For example, in Ukraine, electricity costs $ 0.062 per kilowatt. And it is quite possible that in Ukraine it was mined at the cost price or even with a small income. And there are also certain discounts for the population due to which electricity can be even cheaper.

[samcrypto]

Mining is still profitable if you are mining other coins to exchange for bitcoin.Mining will still be alive untill all bitcoins were mine and untill blockchain network is alive miners are needed for each and every blocks we have which holds our transactions

Any price of bitcoin will still a good one for the miners though its not a high profit but at least, they are still making money.
Of course, if the market goes up everything will become profitable especially with the miners and the hodlers. Even though a lot of mining being banned in some places, I still believe that miners will do their job and keep their growing in other country so they can have more money with a help of bitcoin. Bull market will make everything on a big green candles, miners will have their best time again.

[Rufsilf]

Well, it seems to me that at a price below $ 5785, mining will be beneficial for many people. This has been proven by recent events, when Bitcoin was at $ 3,500 each. Of course, many miners could work at a loss, but I doubt that their number was more than 20-25%. It all depends on where electricity is bought. For example, in Ukraine, electricity costs $ 0.062 per kilowatt. And it is quite possible that in Ukraine it was mined at the cost price or even with a small income. And there are also certain discounts for the population due to which electricity can be even cheaper.

It is quite good enough to cover mining expenses and still have profits. Of what it happen to the market last year will be something a big struggle for all miners and sadly some of them stopped. As the market shows good trends today, they'll back into mining again and they are so hopefull that they can make a profit this time.