The future of Bitcoin mining

[Negotiation]

Even when calculated according to the blocks above, the price of bitcoin fluctuates dramatically. 2020 A bitcoin coin price was very low and in just one year the price of a coin has jumped to a lot higher. But after that, the price of bitcoin fell again so you can understand how volatile the bitcoin market is so it is very difficult to determine the exact value of this coin. The price of bitcoin tends to rise based on demand as the price of bitcoin gradually increases, it is a good decision to hold. Although there are benefits in bitcoin mining, but due to some other reasons, the issue of security of Bitcoin storage comes to the fore, many times it is under the grip of scams then it becomes difficult to solve.

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[Litzki1990]

I am choosing to HODL my bitcoin. I have already research about the Bitcoin mining and how it's easy but it's complicated business when you start from the scratch. I know very well that we have plug and play equipment's for mining purpose but let us not forget they are also very costly, they utilize high energy bills and also the ROI is always more than 1 year or something based on what type of miner we have and electricity cost we pay. Yes, everything is there, but ability to get started and go through the entire ROI period is unreal right now. Plus, the net halving is already going reduce the block reward and we have no idea whether the prices will hike or not. At least miners has chance to recover the ROI faster when BTC goes up but it's unsure. This is why I am always choosing to buy bitcoin and keep them on my wallets for long terms. I will now just trust the process and go for profiting along the way.

Bitcoin mining is very easy for those who have an idea about Bitcoin mining but those who have no idea about it think that Bitcoin mining is very difficult. It is normal for a person to find everything difficult in the initial stage. Although Bitcoin mining is relatively easy, many people plan to buy Bitcoins with that money and hold them for a long time instead of mining Bitcoins due to the high cost of electricity. It would be a better decision to hold bitcoins instead of mining bitcoins at the moment because rising prices of electricity and other commodities can lead to losses rather than profits by mining bitcoins, so instead of taking this risk we have to take the risk of buying bitcoins and holding them for a long time.

[famososMuertos]

Even when calculated according to the blocks above, the price of bitcoin fluctuates dramatically. 2020 A bitcoin coin price was very low and in just one year the price of a coin has jumped to a lot higher. But after that, the price of bitcoin fell again so you can understand how volatile the bitcoin market is so it is very difficult to determine the exact value of this coin. The price of bitcoin tends to rise based on demand as the price of bitcoin gradually increases, it is a good decision to hold. Although there are benefits in bitcoin mining, but due to some other reasons, the issue of security of Bitcoin storage comes to the fore, many times it is under the grip of scams then it becomes difficult to solve.

lol , sorry...!
Well, I think you are mining a post for your campaign, that is defined user script SC.

In any case, with mining, the future of what was going to happen was written from the beginning, there was never anything hidden and it was always known that complexity was going to get a certain group of users out of mining.

In fact, in that early process of the first years of bitcoin, progress could be seen in how the Hardware determined its existence in its computing capacity. So the future of mining in its relevance has always been clear, it is limited to a small group that can bear the costs.

OP: I have one question.
the watermark is... for that your copyright is not stolen...

[Makus]

According to the law of supply and demand in economics which state that as supply decrease, while demand remain unchanged the price increases. This theory can be used to predict that Bitcoin would be able to ascertain of height of price worth millions of dollar, having this knowledge

Your knowledge is actually not knowledge at all.
The available supply of coins grows every day, Bitcoin is now less scarce than it was 10 years ago, you're deeply mistaken the rate at which coins are issued each period for supply, two completely different things.
For the supply to decrease you would need to actually destroy each day more coins that are getting mined.
 

I don't think you're understanding my point there, all am saying is that the reduction of coin supply each halving causes scarcity which can also affect the increment of price, this theory is from economics
The reason you fill Bitcoin is less scarce than it was 10 years ago is because it has not been globally accepted or its restriction removed, the total number of persons in the world is 8billion out of which 219million are Bitcoin owners with only 19million Bitcoins in circulation and you call that less scarce.

OP: I have one question.
the watermark is... for that your copyright is not stolen...

Wasn't sure if image copyright also add to plagiarism in this forum, I admit am not an island of knowledge just a Jr member and I have learnt from comments that its not necessary, thanks anyway.

[kryptqnick]

Op, as you pointed out yourself, the price increases assuming that the demand remains unchanged. But the thing is, both Bitcoin supply is growing (albeit at a slower and slower rate) and the demand is fluctuating. So it can't be said with certainty that Bitcoin will grow even better once mining is complete because it's possible that some of the demand will decrease as well (maybe some people are interested in Bitcoin because new coins still appear or directly because of mining, for instance). Also, let's not forget that it's highly unlikely that any of us will still be alive by the time Bitcoin mining is done.
And as for the conclusion about mining, people should keep in mind that mining is already very competitive and complex. The equipment is expensive, maintaining it also requires resources, and electricity bills can be very high.

[BVeyron]

Conclusion
Now is the time to go into mining and buying of Bitcoin as each halving reduces the block reward by 2 which causes scarcity that has the potential of increasing price.

I think that there is actually no guarantee that we will have any BTC mining facilities after a century. So, yes, the best way to get some profit out of mining is to start mining now. Later there can be many issues: not only technical, but also legal. Moreover, there will be numerous blockchain projects in the future, most of them will require specific mining facilities. So the only way to get some knowledge about mining algorithms is to start mining with the tools we can afford now.

[serjent05]

Conclusion
Now is the time to go into mining and buying of Bitcoin as each halving reduces the block reward by 2 which causes scarcity that has the potential of increasing price.

I think that there is actually no guarantee that we will have any BTC mining facilities after a century. So, yes, the best way to get some profit out of mining is to start mining now. Later there can be many issues: not only technical, but also legal. Moreover, there will be numerous blockchain projects in the future, most of them will require specific mining facilities. So the only way to get some knowledge about mining algorithms is to start mining with the tools we can afford now.

There is actually no guarantee that we will not have any BTC mining facilities after a century.  So the statement goes either way but I agree that to take advantage of the block reward,  a person who have plan to engage in Bitcoin mining activity must do it as soon as possible because Bitcoin blockreward will keep on decreasing every 4 years, and if the person who wanted to engaged in mining delay his plan, he will be only at lost if he do it years later.  Just like if he got fund and plan to setup the mining farm on 2025, he will be missing out on the current block reward since he could have enjoyed the current block reward that is two times the reward of 2025.