Bitcoin mining would bring back excessive profit？

[TidaPay]

What make an influence on Bitcoin mining is computing power, difficulty of computing power and electrovalence. Among them, the electrovalence can be seen as a constant value for the reason of smooth fluctuations under the annual mining contract. There are generally two reasons for drastic fluctuation. One is the evolution of mining machines or methods resulting in halving the reward of Bitcoin; the other is the value of Bitcoin mining won’t increase more than the fluctuation of Bitcoin price.

Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).

[1715489902]

1715489902

[1715489902]

1715489902

[1715489902]

1715489902

[1715489902]

1715489902

[1715489902]

1715489902

[dothebeats]

Well to be fair, there are still a lot of people/groups hashing bitcoin no matter what its value is, even when we drooped down to $3000 levels for a while. I believe that the enthusiasm and interest have died for a short time, especially when the price kept on tanking, but yeah, the more the price rallies the greater the interest of people will be for bitcoin, again, as was always the case for the past 2 bullish runs. Mining is alive, no matter what the price is, though some miners may have switched off for good or for the mean time when the price is not performing well.

[Beerwizzard]

Well to be fair, there are still a lot of people/groups hashing bitcoin no matter what its value is, even when we drooped down to $3000 levels for a while. I believe that the enthusiasm and interest have died for a short time, especially when the price kept on tanking, but yeah, the more the price rallies the greater the interest of people will be for bitcoin, again, as was always the case for the past 2 bullish runs. Mining is alive, no matter what the price is, though some miners may have switched off for good or for the mean time when the price is not performing well.

Mining would be alive until Bitcoin exists. There is no sense for someone to run his mining equipment and pay for it without getting any profit. So if you are able to send a transaction then be sure that BTC mining is still profitable.
On the other hand, BTC skepticists always had their place and BTC price have no influence on them. No matter how much BTC cost because they are not going to buy it at any price.

[Wakhid Mukti]

Well to be fair, there are still a lot of people/groups hashing bitcoin no matter what its value is, even when we drooped down to $3000 levels for a while. I believe that the enthusiasm and interest have died for a short time, especially when the price kept on tanking, but yeah, the more the price rallies the greater the interest of people will be for bitcoin, again, as was always the case for the past 2 bullish runs. Mining is alive, no matter what the price is, though some miners may have switched off for good or for the mean time when the price is not performing well.

Totally agree with you. There are types of miners who are not affected by the price of Bitcoin and are still mining. Because they think if BTC prices go down and no longer benefit many miners from miners who will shut down mining, but for this one miner they will still turn on their mining machines to get more bitcoins when the price of bitcoin falls and does not provide profits. But the advantage of these miners is getting more bitcoin because many of the miners turn off their mining machines when BTC prices drop. It's easy for him to sell and reap future profits when BTC prices rise again. I think we have experienced it before, when the price of bitcoin dropped to $ 200 in 2015 if not mistaken before BTC rose to $ 20k in 2018.
Maybe this is just a matter of daring to risk everything at the beginning or not. If you don't dare, most people or hashing groups will start operating mining machines until the BTC price rises more than $ 6000 Or when mining BTC feels profitable.

[YOSHIE]

Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).

I can only say the same thing for those who understand the value of bitcoin is quite profitable as a personal asset.
That is to say, the profits earned will be additional assets that can be saved, besides your fixed income.

In bitcoin investment will make an alternative asset an additional asset for those who invest, so don't ever hesitate to buy it,

I can suggest that, there are simple strategies that can be developed at this time for all,
buy at the lowest price then sell when the price is soaring, that's for sure.

[Genemind]

I think there are still people who are still mining regardless of the price, they are not losing money as long as they are not selling what they have mined. Just keep it till the price goes back up. The problem is the fluctuations of mining difficulty and hash rates and not to mention the price of mining equipment itself and electricity cost.

[Haunebu]

The problem is the fluctuations of mining difficulty and hash rates and not to mention the price of mining equipment itself and electricity cost.

Majority of the miners are already aware of the risks involved with mining which is why the problems that you mentioned are not a big hindrance as long as they continue earning regular profits over the short term and the long term.

The biggest problem here is the advancement in mining tech which makes the old machines useless and the need to upgrade to new ones cuts into the profits.

[bobsav2121]

Directly quoting from an interesting article I found (https://cryptotradernews.com/cryptocurrency/how-does-bitcoin-mining-work/):

And due to the fact that almost 84% of bitcoins have been mined, unlocking rewards isn’t as easy as it was seven or eight years ago. Especially if you’re mining with only one computer. For this reason, Bitcoin mining is largely restricted to people with access to cheap or renewable energy, as well as enough money to run several mining rigs at once.



In other words, either you have enough money to buy a powerful a** computer or you're better off mining altcoins.

I'm currently mining bpx tokens, the project looks amazing.

[MMS2017]

Bitcoin mining is very expensive now a days and it was good in china  because the electricity cost are more every where and mining was good for those who were good in the crypto and now a days the whole market is not much better so if we work and earn crypto that will be good for me because i have not much funds to use for investment and to trade coins in the market but with time when i get the best coins i ll use it for multiplying my wealth.

[iqlimasyadiqa]

What make an influence on Bitcoin mining is computing power, difficulty of computing power and electrovalence. Among them, the electrovalence can be seen as a constant value for the reason of smooth fluctuations under the annual mining contract. There are generally two reasons for drastic fluctuation. One is the evolution of mining machines or methods resulting in halving the reward of Bitcoin; the other is the value of Bitcoin mining won’t increase more than the fluctuation of Bitcoin price.

Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).

Bitcoin mining will greatly depend on the price of bitcoin. when the price is at the lower limit, of course the miners will leave it, that is because they are much cheaper to buy directly than to do mining. but when the price of bitcoin increases, it is likely that greater profits will be made. so the miners will determine their future while always paying attention to the price movements of bitcoin.

[cabron]

I think its all for the profit less the electricity bills, if its worth mining even with the enormous amounts to pay for the electricity mining will still be a lucrative business. Regardless of how much the asic devices cost, halving and the maintenance of it as long as the transaction fees continues and will make them profit.

[leonair]

Bitcoin mining is still there regardless of what happened with the profit of miners but sadly when you start today to mine it you must have a good amount of investment capability to buy the latest Mining hardware.

[Chikitita2004]

Miners who are in countries with low electricity costs like China may probably not affected much by Bitcoin price but for countries who have to cope up paying too expensive electricity plus their mining device maintenance and value together with the drop in bitcoin price I don't know how much profit do they get from mining or probably they don't mind the cost and just consider them investment and wait for the bull run.

[Yakamoto]

Miners who are in countries with low electricity costs like China may probably not affected much by Bitcoin price but for countries who have to cope up paying too expensive electricity plus their mining device maintenance and value together with the drop in bitcoin price I don't know how much profit do they get from mining or probably they don't mind the cost and just consider them investment and wait for the bull run.

The issue with a lot of the hardware that's used for mining is the fact that it doesn't have much use outside of crypto mining. They invest tens of thousands if not hundreds of thousands of dollars into this equipment and simply don't have any way to recoup the loss if they can't sell it to other miners. While it's easy enough to maintain the current infrastructure they have, their margins are already relatively slim. I'd say that $3000 was the lowest that most of them could go before they were mining at a loss, now it's about a 50% profit from their bottom line. They might have even been selling at a loss at $3000 and just had leftover funds to carry them through to the next bull run, like what we have now. I'm not entirely sure, but if anyone knew what exchanges the miners use, it might be possible to determine their historical bottom lines. That'd require a lot of effort, and the payoff might not be worth it though.

[sunsilk]

I think there are still people who are still mining regardless of the price, they are not losing money as long as they are not selling what they have mined. Just keep it till the price goes back up. The problem is the fluctuations of mining difficulty and hash rates and not to mention the price of mining equipment itself and electricity cost.

Definitely there are, no transaction will be confirmed if there are no more miners there. Mining farms are still in operations because they have planned it well on how to continue if ever the market isn't favorable to most.

There's alternative energy that they probably invested if ever they aren't living to the countries that has nice weather and cheap cost of electricity. And for those who are living in that kind of country, this isn't a big deal to them. Operations and business as usual.

[Timmzzy]

What make an influence on Bitcoin mining is computing power, difficulty of computing power and electrovalence. Among them, the electrovalence can be seen as a constant value for the reason of smooth fluctuations under the annual mining contract. There are generally two reasons for drastic fluctuation. One is the evolution of mining machines or methods resulting in halving the reward of Bitcoin; the other is the value of Bitcoin mining won’t increase more than the fluctuation of Bitcoin price.

Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).

Do we still have a legit platform for Bitcoin mining, because I came to realise late last year that many Bitcoin mining platform turned scam. And the only one we can recommend is that if hashrate, Genesis mining and so on. Mining in other words its not too profitable let's say in this present time.

[AjithBtc]

Even when the price of bitcoin cross $5785 large scale mining firms were gonna get profited. From my understanding the chances for profiting through small scale mining is really hard and to what extent this is gonna happen is unidentified. Even in countries with the least electricity consumption it is impossible to get a better earning through mining with the prevailing market condition.

[Leonardo7]

Many miners are still making a profit from mining, and some have already switched to a cheap renewable source of power in other to cut operational running cost and maximize profit. It's not bitcoin mining machines that determine the halving of the bitcoin mining reward, but it's the way it has been programmed and this happens every four years and the next halving is expected next year, in which reward per block will be reduced from the current 12.5BTC to 6.25Btc. Mind you, price is predicted to increase significantly as miners are likely to stop selling for cheap because of the reduced block reward and a ftp://further increase in the mining difficulty.

[Cuk0ng_bitc0in]

I agree with you. engine quality affects the value of the mining cycle. there is one more thing that can affect mining volatility. the activity of miners also affects the world of bitcoin mining. when mining BTC a little. then the hashrate and mining pool will drop drastically.

[Steamtyme]

OP I don't really get why you're using the term "electrovalence" possibly a translator or something.

Either way you are missing a few key points for mining. Regardless of the price someone will mine profitably; the people with lower power costs. You can see this by checking any profitability calculator out there. So when the price drops people who have higher electrical costs tend to shut down first, this leads to another factor of mining Difficulty adjustments. When miners shut down their farms the network hashrate is reduced, this eventually brings down the network difficutly.

When Difiiculty goes down, you earn more BTC per TH you mine with. So the miners earnings find an equilibrium again. The opposite effect happens when price goes up, more people can afford to mine so they do causing the Difficulty to increase.

~snip~
In other words, either you have enough money to buy a powerful a** computer or you're better off mining altcoins.
I'm currently mining bpx tokens, the project looks amazing.

I disagree that it's either or. I spent significantly more on my GPU rig than I did buying my first several Asic machines. You run into the same issues with Altcoins that can be considered stable; there is no guarantee of massive gains in anything.

[pooya87]

Well to be fair, there are still a lot of people/groups hashing bitcoin no matter what its value is, even when we drooped down to $3000 levels for a while. I believe that the enthusiasm and interest have died for a short time, especially when the price kept on tanking,

that is because the profit you make from mining does not exactly depend on the price of bitcoin. it depends on the price and how much it costs YOU to mine bitcoin. and since difficulty adjusts based on hashrate and that adjusts based on price (to some extent) then it means theoretically your profit can be the same no matter what the price is. for example if you earn 1BTC per day at $3000, if price goes up to $6000 you will start earning 0.5BTC per day because hashrate goes up with it.
(of course that is simplifying things a lot, in reality there is a lot of additional complications and hashrate doesn't change as fast as price and a lot of other things but the basic idea is this)

[rahmatullah9305]

one Bitcoin miner has been forced to turn to solar power in light of the dwindling profitability of mining for Bitcoin during the bear market. The original poster, Candese, states that not only is solar energy harnessed through panels the cheapest form of power available to them, but the savings made on taxes and through not having to transfer power from the grid are expected to be as much as 75%

[Caladonian]

People who treated bitcoin as a good investment for future still doing this practice, they still believing that bitcoin will increase it's value, they have a  good insight that even the profitabilities is not that much but by keeping it for a while will bring them good result after, this miners who have a good faith with this industry, foreseen the future bounce will let them to keep holding.

Miners will continue as it's an habitual act for them to enjoy this market.

[killat]

Bitcoin mining is no longer profitable since more than one year. Equipment became more expensive and mining difficulty increased over time.

Next year will be a new halving,  meaning that rewards will diminish, too.

[traderethereum]

Bitcoin mining is no longer profitable since more than one year. Equipment became more expensive and mining difficulty increased over time.

Next year will be a new halving,  meaning that rewards will diminish, too.

But some people who have big power in bitcoin mining will still mine bitcoin even if the price is down as we saw today. They only believe that in a long time, bitcoin price will increase higher and they are trying to collect as much bitcoin as they can so when the time comes, they can sell the bitcoin at the very highest price.
But for people who don't have a big power in the hashrate and they cannot cover their electricity fee, they'd better shut down the mining process, and they will change the other way to make a profit.

[Johnzky]

Bitcoin mining is no longer profitable since more than one year. Equipment became more expensive and mining difficulty increased over time.

Next year will be a new halving,  meaning that rewards will diminish, too.

Not just the equipments are expensive but the whole operation as well,specially the electricity in which increasingly in the last years

For me mining days are over and nothing can be profitable even a mining farmers i think better find another way of investing than this non profit field

[ufaiz50]

What make an influence on Bitcoin mining is computing power, difficulty of computing power and electrovalence. Among them, the electrovalence can be seen as a constant value for the reason of smooth fluctuations under the annual mining contract. There are generally two reasons for drastic fluctuation. One is the evolution of mining machines or methods resulting in halving the reward of Bitcoin; the other is the value of Bitcoin mining won’t increase more than the fluctuation of Bitcoin price.

Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).

Actually I am not very familiar with the purpose of electrovalence, you are right about the value of bitcoin which determines whether it is profitable to be mined. I've done mining by making a mining rig with a device that can be considered standard, from my calculation with the current price after being reduced by operating costs during mining is just a waste of time, ok here I'm sure the miner has a method or technique to maximize the tools , but still if the operational costs are greater than the crypto value at times with the amount of bitcoin we get.

[Odessit_ya]

There are places in our land where the price of electricity is so low that it allows you to engage in mining and now profitably for yourself. So why not mine bitcoin?

[nauane]

one Bitcoin miner has been forced to turn to solar power in light of the dwindling profitability of mining for Bitcoin during the bear market. The original poster, Candese, states that not only is solar energy harnessed through panels the cheapest form of power available to them, but the savings made on taxes and through not having to transfer power from the grid are expected to be as much as 75%

Bitcoin mining is only feasible in places where electricity is cheap. If the electricity is not cheap, then the expense of bitcoin mining is too much. Using Solar energy is also a good way to reduce the mining cost and if someone has a proper setup of solar panels, he can earn a good profit from mining.

[Ailmand]

As long as there is Bitcoin, I believe that mining would also exist. They say that mining consumes too much energy but I guess it's just the same as other businesses. Mining is always profitable but miners could gain more if the market situation becomes better and I have no doubt about that. Also, there are mining companies who are trying to solve the energy problem that they're facing. They are focusing on having their own energy provider like solar energy.

[okala]

Well to be fair, there are still a lot of people/groups hashing bitcoin no matter what its value is, even when we drooped down to $3000 levels for a while. I believe that the enthusiasm and interest have died for a short time, especially when the price kept on tanking, but yeah, the more the price rallies the greater the interest of people will be for bitcoin, again, as was always the case for the past 2 bullish runs. Mining is alive, no matter what the price is, though some miners may have switched off for good or for the mean time when the price is not performing well.

Mining can never seize to operate no matter what the price or market conditions may be even if bitcoin price drop to $1 today there will still be miner's mining bitcoin. Mining is a business and as volatile as the bitcoin price is those who are ready for the business will stick to it whether they are making huge profits when the price is high or running on loses when the price falls. Only those who are not ready for the business will park off during bear market.

[Kemarit]

As long as there is Bitcoin, I believe that mining would also exist. They say that mining consumes too much energy but I guess it's just the same as other businesses. Mining is always profitable but miners could gain more if the market situation becomes better and I have no doubt about that. Also, there are mining companies who are trying to solve the energy problem that they're facing. They are focusing on having their own energy provider like solar energy.

The problem with those people who see negative impact on bitcoin crypto mining is that they really don't understand how it works and yet they think it contributes to sort of environment hazards or something. But they fail to realized that banking sector is far worst, double standard.

It depends on where you mine your Bitcoin, other countries have cheap and abundance of renewable energy that they can used to mine, so they made huge profits. And there are companies that I would say might be in the break-even because of the current price, but it didn't deter them because they known that the price could go up and can make them huge profits in the future.

[D3m1r4wanti]

mining requires large capital, such as machinery for mining, electricity and other things, and what is obtained from mining is altcoin or crypto currency, the crypto currency earnings will be in accordance with the number of machines used, the excess profit depends on crypto prices they get

[Kelvinid]

As base on the current market situation, may we can have some but not into an excessive amounts for sure. May consider the numbers of equipment we used, total expenses but the market isn't bringing enough huge demand that we could generate more profits from.

Our market conditions never give a favorable experience today that would affect our profit as well. If prices will be at the bull run, definitely we expect an excessive market profits generation.

[kryptqnick]

OP I don't really get why you're using the term "electrovalence" possibly a translator or something.

Either way you are missing a few key points for mining. Regardless of the price someone will mine profitably; the people with lower power costs. You can see this by checking any profitability calculator out there. So when the price drops people who have higher electrical costs tend to shut down first, this leads to another factor of mining Difficulty adjustments. When miners shut down their farms the network hashrate is reduced, this eventually brings down the network difficutly.

When Difiiculty goes down, you earn more BTC per TH you mine with. So the miners earnings find an equilibrium again. The opposite effect happens when price goes up, more people can afford to mine so they do causing the Difficulty to increase.

~snip~
In other words, either you have enough money to buy a powerful a** computer or you're better off mining altcoins.
I'm currently mining bpx tokens, the project looks amazing.

I disagree that it's either or. I spent significantly more on my GPU rig than I did buying my first several Asic machines. You run into the same issues with Altcoins that can be considered stable; there is no guarantee of massive gains in anything.

What you are saying about some people leaving and others profiting from it makes sense, of course, but it seems to me that sometimes there remain too many people who mine unprofitably, hoping that eventually they'll be able to compensate their losses. For instance, I believe that is what Bitmain did throughout 2018. A downside here is also that big players tend to be able to stay in business even when things are not going well, whereas the small ones quit. This makes an already pretty centralised mining business even more so.

[CryptoReggae]

Some are undermining at a loss, for reasons of state (see China). In order to export currency they are willing to undermine at a loss.
It is a topic of which little is talked about, but which in reality is larger than one imagines.

[Gaff]

As long as there is Bitcoin, I believe that mining would also exist. They say that mining consumes too much energy but I guess it's just the same as other businesses. Mining is always profitable but miners could gain more if the market situation becomes better and I have no doubt about that. Also, there are mining companies who are trying to solve the energy problem that they're facing. They are focusing on having their own energy provider like solar energy.

Indeed, solar energy would become more efficient on energy consumption compared to the traditional main line source. Green energy with bigger profit could be possible to achieve once all this methods will be followed according to it's effectiveness. Mining really consumes a lot of energy same with other sectors who used electricity in order to run their machinery, so I think miner computers also be considered as machines. Thinking about excessive profit, well I guess it depends on how you run your mining operation; just make it sure you'll able to make it up to the maximum performance.

[BitHodler]

Also, there are mining companies who are trying to solve the energy problem that they're facing. They are focusing on having their own energy provider like solar energy.

Renewable energy is already a big thing in the mining industry, but even if Bitcoin's entire energy consumption consists of grean/clean energy, those who are against Bitcoin will still refer to it as energy waste.

The problem isn't the energy consumption at all, it's just an excuse they can fall back on to point out how harmful all that energy consumption is. Politicians and other haters don't like Bitcoin and will use anything to put it in a bad position.

The battle against Bitcoin won't stop until even the politicians acknowledge and actually use Bitcoin themselves. It doesn't have to be as a currency, but store of value as digital gold is fine too.

[kotajikikox]

Well to be fair, there are still a lot of people/groups hashing bitcoin no matter what its value is, even when we drooped down to $3000 levels for a while. I believe that the enthusiasm and interest have died for a short time, especially when the price kept on tanking, but yeah, the more the price rallies the greater the interest of people will be for bitcoin, again, as was always the case for the past 2 bullish runs. Mining is alive, no matter what the price is, though some miners may have switched off for good or for the mean time when the price is not performing well.

Yeah right because if the is not well huge of lose they can experience of miners. But in rhe other way if miner continue to mined nad keep their bitcoin until the price done well more than 3x profits they can get by doing this strategy holding same priciple by the traders.

[minersday]

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.

[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 .

[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.