Will mining be profitable again?

[forexandcryptoauditor]

With the upcoming Bitcoin halving reward in 2020, the coin reward will be decreased from 12.5 to 6.25 coins.
Since the block size(for halving rewards) is same, every 210,000 block, and competition is very high due to consistently increasing miners, it's becoming less profitable year and year. Also the resource requirements like power consumption are very high, only big players can achieve it.
To get mining more profitable, we need to look for more solutions for example, to enable mining with low performance resourecs.multivac is achieving this. Due to all dimensional Sharding technique and high throughput, mining can be done from our normal pc.
Another solution to make mining more profitable is to use less costly systems which can fulfil the desired power requirements  which can achieve mining with more efficiency. DAGO- mining's ecosystem is using solar energy to produce the power and it's energy storage systems makes mining possible 24/7.
Hope in future, more such ecosystem's will be available to make the mining more and more profitable.

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[pawanjain]

Of course it will. Though the mining difficulty has increased a lot over the years there are people still mining bitcoins with the required equipment.
Bitcoin price has increased but this doesn't make any changes on the mining part. Mining will still continue and it has to.
This will effect the transaction fees though since the network might get congested which will in turn increase the transaction fees eventually.

[baigreen]

If the market continues to revive. That of course mining will again be profitable. Judging by the latest price for Bitcoin and Eth, it is probably worth running your farm again. We'll see. The main thing that the price did not fall sharply.

[Cat Coin]

Start mining right now in my opinion it makes no sense. But it is necessary to continue. I think that participation in the market as a trader is now more favorable than trying to engage in mining again. This market is already occupied. It is necessary to learn to earn by investing.

[10c]

Now it has become even more difficult, as the major mining pools are all increasing their hash power, expecting the bull rally to continue for the remainder of the year. Even if you purchase a few mining rigs now, it may take more than an year to cover the capital costs from the mining revenue. And for that to happen, the prices should stay high.

I think that if you are considering this market in the long term, then you can buy mining equipment and make a clear profit in 7-8 months

[sujonali1819]

Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?

Obviously mining will be profitable again in near future and this now still profitable IMO. Because Suddenly  bitcoin pumped 2x since few days. So its little bit of profitable in my opinion. And hope  more profitable if btc will make another move to cross 10k$. Thanks

[cepot9]

mining is still profitable to date, if it is not profitable they have been going for a long time and cryptocurrency will not be like the current conditions because miners are also important for the cryptocurrency ecosystem

[crispynougat]

Bitcoin costs back successfully can make mining back profitable. But I focus more on daily trading because it is more profitable. Mining is too difficult and requires supportive equipment and it does not.

[kriptomak]

Bitcoin costs back successfully can make mining back profitable. But I focus more on daily trading because it is more profitable. Mining is too difficult and requires supportive equipment and it does not.

who tightly deals with cryptocurrency. he is engaged in trade, and investing in iso, and even mining, each class has its pros and cons. But all is better, when the market grows, therefore now, the people will start to increase

[semobo]

mining is still profitable to date, if it is not profitable they have been going for a long time and cryptocurrency will not be like the current conditions because miners are also important for the cryptocurrency ecosystem

Its profitable for the big mining farms but the people who have their own mining rigs may not get profits when the price reached bottom but now they might having good old days of 2017.

[laredo7mm]

At the moment I see if bitcoin has increased again and indeed, in terms of electricity and good income, it is not impossible that later there will be a lot of mining going back. the main key is the price of bitcoin that has increased to be able to make mining a lot back

[louisBSAS]

Mining has long begun to be in demand again. I say this because the ads on Ebay and Amazon have much less graphic cards and other equipment used in mining. This means that people began to buy it more actively for mining.
It also speaks about the revival of the cryptocurrency market, which will further lead to its large growth.

[qomariah95]

If this continues to increase again, it is likely that the miner will return to the track. Because many have stopped because the crypto market conditions that were previously very low. But now the price of bitcoin reaches $ 7900, of course, it is very likely that miners will return to their activities as before.

[EdenHazard]

Use your capital to buy bitcoin and hold for long term or you can use it as trading place. Because at this time the cost to buy mining tool are very high, your capital will be back for a long time. Unless if you are a miner before you can continue it, you can hold your reward for a long term until the price bitcoin come back to high again. A miner has a very important function because if there is no miner maybe the transaction will never be processed cause that is miner's work. Seems like this thread is not belong here, you can move it to the right section i.e mining.

[dobolspeed3]

Because it is too focused on paying attention to the market until this is unthinkable. If market conditions continue to be good and increase continuously. People will do mining again, it seems, because at this moment a very good moment if you want to do mining. For me, of course I can't do mining because I'm not an expert in this field.

[omonuyak]

Bitcoin costs back successfully can make mining back profitable. But I focus more on daily trading because it is more profitable. Mining is too difficult and requires supportive equipment and it does not.

Mining is not difficult the way you sound it and it is because you have little knowledge on how it works.  Trading is also good but just that it is very risky and if you did not have the experience and knowledge about it you can lose all your investments.  I think if price is going up and we are still having the same rewards it is  very clear that we would have more profits from mining of both bitcoin and altcoins.

[DeadCoin]

If this continues to increase again, it is likely that the miner will return to the track. Because many have stopped because the crypto market conditions that were previously very low. But now the price of bitcoin reaches $ 7900, of course, it is very likely that miners will return to their activities as before.

I am sure yes as altcoins' values have increased now. I do remember my friend mined last year but he finally sold out the devices as you know the reason behind. Again the right time to begin minting hoping on the current market trend.

[jan.nicolas]

yes, mining will return to profit if the price of bitcoin remains as currently at $ 8,052. for me this is enough to be able to provide benefits to the miners, and quite in accordance with what they have to spend.

Perhaps you are right, but after all, mining farms have become very labor-intensive in terms of electricity, because I have very often seen the statistics that people now have to pay big fiat money for electricity. Do you think the price will pay off?

[pleci]

Because it is too focused on paying attention to the market until this is unthinkable. If market conditions continue to be good and increase continuously. People will do mining again, it seems, because at this moment a very good moment if you want to do mining. For me, of course I can't do mining because I'm not an expert in this field.

It is true that we are too focused on market price growth, giving rise to the feeling of wanting to Altcoin mining because now there is a good opportunity to reap profits. I am also not an expert in this matter, but at least I know a little, just now maybe I still want to see the market growth to what extent, I hope this continues to increase.

[OrangeSeller]

As the price continues to go up the fees for making transaction will as well go up with it ,and mining will get difficult as well. But it will still be profitable I believe, if you invest at the right place (I mean cloud mining) or if you're mining yourself then you will have to make use of the right tools.

The question is whether you will be able to cope with the expenses that comes with it, cause mining has never been an easy thing, even when the price is low and when the price is high, it is not easy.