Can Cryto Mining recover in the future?

[dothebeats]

No, as bitcoin mining was not designed to work like that. Over time, bitcoin adjusts its difficulty depending on the number of miners, and it's designed to go up or down to maintain a 10-minute block time on average. Perhaps if a lot of people were to shut down their miners, you'll have a chance at hashing it out and making bitcoin, but until then difficulty will stay as it is and the competition will be stiffer, tighter and cut-throat to get a single block.

If that was too easy then I guess most would just be mining bitcoin and not do anything else to earn money.

[DreamStage]

Bitcoin mining is still a good thing since we are all still sending transactions everywhere.
You can still profit with them at the current Bitcoin price since price will mirror how much you get from mining as in percentage. The more harder to mine the better the rewards as in terms of price since price will become bigger.

[MakeMoneyBtc]

If mining would not be profitable anymore do you think those big mining companies would still be alive and functioning? Hell no, because they would spend more than they earn and their whole business would get to bankruptcy over time. Mining is still profitable, but it's just not for everyone anymore because order to make more profit you need to invest more money and not everyone can afford that

[coinnumber]

Crypto mining is till very much profitable though not like before, Mining required huge amount of funds for a start up that's why you see different thread saying negative things about the crypto mining industry. So for those who cannot afford to run the required expenses in order to mine well should take trading as an alternative and stop been discouraged.

[minersday]

Crypto mining is no longer a short term investment venture but its now  a long term investment avenue. The profit margin of crypto mining for short term investment plan is very low compared to long term. The only way mining can be profitable to anyone interested in mining is by joining the mining ecosystem with a long term investment plan and strategy. That is the only way to make a decent profit from crypto mining....

[pushups44]

I suppose it depends on how cheap electricity is in your area and your technical savviness. On the other hand, cloud mining or mining left to another party is sketchy as heck, and I have had a bad experience with it.

[FlightyPouch]

In terms of mining Bitcoin, there in no way it can be enhanced. It is said that while the time passes, the mining of Bitcoin is getting harder and harder. Welll, I think Bitcoin will stay on that track and that would be the same as other crypto too that followed BTC. I think it is obvious that while other age too, it will be the same but not to other cryptos that just released.

[uray]

I suppose it depends on how cheap electricity is in your area and your technical savviness. On the other hand, cloud mining or mining left to another party is sketchy as heck, and I have had a bad experience with it.

You really do not need to be a tech savvy to start mining, just the right equipment and cheap electricity is what you need to start mining alt coins, never trust cloud mining sites as they are not going to give you anything in the long run, i have seen many things in the past and i had my set up for mining too, things get too clustered after a while and especially when the  price of bitcoin and alt coins tanks you might think twice on how serious you can take mining. If you are planning to start mining now i would suggest not too, but if you already had your set up then you can have some profit.

[traderethereum]

I am not sure if that will happen to bitcoin, but for the other coin, it could happen.
Bitcoin difficulty will increase, and without using high-end hardware with big power, we cannot get a reward which will cover our electricity fee.
But if you have free electricity, you can use any power, and that will be a profit for you because you don't have to pay the electricity, maybe you need to give attention for the maintenance of the hardware.

[BitcoinHodler]

you are talking about a very special case that rarely happens when the shitcoins are getting pumped every day in the market and as a miner you can earn a ton of them by mining if you have a decent mining rig. this is not a good idea in my opinion because it is risky for one and it is hard for another. i prefer trading during times like that because it gives me a lot more flexibility that i can move around much faster from one pumping shitcoin to another while a miner can't do that easily.

[shield132]

I remember the days when I was starting in the crypto world. One of the in-demand that time is crypto mining. Some people are buying and setting up their own mining rig. The income that time from mining was very dependable. You can quit your job and just focus on mining but nowadays, bitcoin mining is diminishing due to the high cost of operating expenses and it is really hard to mine bitcoin.

I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?

As time goes, commercial interest increases and real value of this coin decreases in which I mean the reason it waa created. At first mining was possible with cpu/gpu, then asics were created and now big companies don't want you to mine. They want to capture mining business, work hardly on creating better miners and increasing their hashrate. So as time goes, mining becomes more closer to very commercial/business thing. Sorry but I think it won't recover.

[Gaff]

I remember the days when I was starting in the crypto world. One of the in-demand that time is crypto mining. Some people are buying and setting up their own mining rig. The income that time from mining was very dependable. You can quit your job and just focus on mining but nowadays, bitcoin mining is diminishing due to the high cost of operating expenses and it is really hard to mine bitcoin.

I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?

As time goes, commercial interest increases and real value of this coin decreases in which I mean the reason it waa created. At first mining was possible with cpu/gpu, then asics were created and now big companies don't want you to mine. They want to capture mining business, work hardly on creating better miners and increasing their hashrate. So as time goes, mining becomes more closer to very commercial/business thing. Sorry but I think it won't recover.

I respect what opinion you had with you mate, but as long a crypto coins has a strong and active community everything will always possible to recover. Miners changed their perspectives, so from time to time as technology getting more advanced; the potential is always there to create another milestone. For now we might not see it, but as we move forward with crypto improvements with respect to mining I guess there's no limitations with respect to its capabilities.

[aad140386]

I started mining in early 2017. The year 2018 for mining turned out to be very difficult, but nevertheless the mining is still alive and continues to ensure the operability of the Bitcoin network and ethereum as the leading blockchain. I do not know what will happen next with the mining, but I think that during 2019 nothing will change significantly and mining will continue to live and will be with a fairly low profitability. It is possible that in future mining will become industrial and home mining will gradually die away.

[mitchr4]

I remember the days when I was starting in the crypto world. One of the in-demand that time is crypto mining. Some people are buying and setting up their own mining rig. The income that time from mining was very dependable. You can quit your job and just focus on mining but nowadays, bitcoin mining is diminishing due to the high cost of operating expenses and it is really hard to mine bitcoin.

I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?

The price of the mining rig is indeed expensive, of course the miners will return the initial capital and get a profit . While actively mining they will not feel lost even though the value of Bitcoin and other altcoins is in the downtrend though.

[stompix]

Bitcoin mining is still a good thing since we are all still sending transactions everywhere.
You can still profit with them at the current Bitcoin price since price will mirror how much you get from mining as in percentage. The more harder to mine the better the rewards as in terms of price since price will become bigger.

I don't know in what world you live but here things don't work like that..
Oh, checked your avatar, of course, mystery solved.

There is no such thing as harder to mine, easier to mine.
You put your miner to work and he will do his job at the same rate no matter what, the only thing that changes is how many do the same and between how many the reward is split.

So, the more mine, or as you imagined, the harder it is, the LESS you get.

Crypto mining is no longer a short term investment venture but its now  a long term investment avenue. The profit margin of crypto mining for short term investment plan is very low compared to long term.

You earn the same amount each day, and with difficulty rising your share goes down and so do our profits unless the price jumps. If it goes down...
So actually, the margin for short term is higher than let's say the 1-year median.

The price of the mining rig is indeed expensive, of course the miners will return the initial capital and get a profit .

Yeah, and that will always because you've said so!!! /s

[Noilee]

Mining became too expensive due to high electricty costs and greedy asics traders. These equipments are very expensive and after some time they are already worthless to mine bitcoins, as there will be a new asic model on the market as soon as possible.
I believe someday mining will worth again, as we are reaching closer to renewable sources of energy, this way it's one less cost to operate a mining business. However the initial investment has to be huge anyway, and the asics will continue expensive and indispensable.

Its true, i think even if too much expensive when you mine you will also earn profit. But now you focus first for the price and wait the best time to mine. Because of its price is just recovering yet, So in the next years maybe it can recover and many people will mine bitcoin again.

[shesheboy]

..

Its true, i think even if too much expensive when you mine you will also earn profit. But now you focus first for the price and wait the best time to mine. Because of its price is just recovering yet, So in the next years maybe it can recover and many people will mine bitcoin again.

Mining is totally different from buying/investing where you dont wait for the price to recover before you can decide to mine because in mining you can mine anytime and its not the price that you should be concerned the most but it should be the electric cost , mining hardware/software , and other stuffs related to mining  .  also , its not about the price that op is refering to that can recover but its the state of mining  .

[MonsterV]

With the market showing an upward trend, Bitcoin mining will be a profitable business when the value of Bitcoin is above $10000. I understand that the amount of Bitcoin that you are getting now is very less as compared to the old days. But the cost of Bitcoin was not much at that time.

The mining business is correlated to the FIAT value of Bitcoin. When the price was less, you were getting more Bitcoin and when the price is going up you are getting less Bitcoin.

It will not be easy in the future, but it will be better to what you were making a few years back.

When Bitcoin is above $100000, competition with mining increase.  I can see the same scenario of mining as ever increasing hashes and difficulty thus the increase in price is negligible when it comes to profiting in mining industry unless you own a huge mining farm to compete against other giants in the field.  The mining industry had already been monopolized so small miners will take little to nothing profit.  And if the person is living in a country where electricity is too high, he can forget about mining already.

if the price has reached that level, I think that mining is not an ordinary person but a giant company that mines like real-world mining. But surely mining in the future will be more difficult, because electricity is also increasingly expensive and scarce.
The problem with the difficulty is electricity, if there is no problem in mining equipment, in my opinion. And the second difficulty is the number of blocks mined decreases.

[_Django05_]

I'm just wondering if there is achance for the crypto mining industry to recover in the future? Not just about Bitcoin but on other coins as well. What are your thughts?

It’s true that some miners have already exited the market. The first of these price points is the all-in ROI breakeven level, above which they make a profit on their investment, and below which they make a loss on their investment. However, rational miners can mine at a loss for an extended period and want to mine Bitcoin to accelerate the time to the next difficulty adjustment that could result in greater profitability.

[jademaxsuy]

Yes mining now slowly recovering after bitcoin market price surge. It seems that miner now can gain huge profit from bitcoin transaction confirmations on ever transactions. Mining is one way business in cryptocurrency and no way that other users will going to mine bitcoin if it is not profitable. Just think about it why miner continue to mine even bitcoin has fallen down in terms of its market price.

It is not only mean that bitcoin has fall down and miner made some.losses. It is just how to hold bitcoin and sell it in the right time.