Do Bitcoin mining still works after the last halving?

[Faisal2202]

If bitcoin mining still works after the latest halving, how much can someone invest in the mining of the bitcoin and how much bitcoin is it likely to generate before the mining plan expires?

There is no concept of mining plan and expiration. it's not like virtual mining as back in 2018 when I was new to BTC and crypto industry I was a newbie and I did joined some plans and they had expiration dates like for 1 year or 10 years although I joined free ones and they had their own cons but this side of crypto was totally useless, as I gained nothing it was a total waste of money and resources.

So, to mine BTC, you need hardware equipment and you have to join some pool because solo mining is hard if you have fewer resources. Now there are some sites that can help you to calculate how much power you can get from which machine and in how much time you can recover your investments on the setup, plus you have to calculate the cost of electricity correctly. (calculator)

This site can help you, otherwise, many members have provided good resources. This is a good initiative don't lose hope give it a try but do your research as well before NFA.

[_act_]

There is nothing like mining plan expiration.

You will need to get yourself a miner (mining machine), good source of electricity and probably some other things. Miners are electricity demanding. You need access to cheap electricity. Miners are very costly.

To begin with, read this: https://bitcointalk.org/index.php?topic=5523874.new#new

You will also need to join a mining pool. Before you start, make use of mining calculator like this one to calculate if mining will be profitable for you or not: https://www.cryptocompare.com/mining/calculator/btc?HashingPower=100&HashingUnit=TH/s&PowerConsumption=1500&CostPerkWh=0.12&MiningPoolFee=1

There is indeed mining expiration, not on the Bitcoin network itself but for the Asic miners that we invest thousands of dollars on, since the mining difficulty increases every time it becomes very hard for Asic miners to remain profitable, gone are the days when S9 Asic miners are profitable, they can't do a shit now than to use on other coins that are based on sha-256 algorithm.

I believe the correct term is obsolete when something new technology is replacing it to compete against other miner, I believe expiration has something to do with life shelf.

Just like I have said, there is nothing called mining plan expiration. The only way it can be used is cloud mining when the person is depending on another sites to be mining for him but cloud mining are scam. And it is good for us to let OP know that cloud mining are scam. It is not wrong to correct someone that is new to something than to mislead him. You are just right, obsolete is what that it is and not what OP meant.

[God Of Thunder]

If bitcoin mining still works after the latest halving, how much can someone invest in the mining of the bitcoin and how much bitcoin is it likely to generate before the mining plan expires?

Mining will continue until Bitcoin exists. Once the miners mine all the Bitcoin, they will still run miners because they will still get the transaction fees. I believe Bitcoin will be worth a million by then, and the transaction fees will be enough to cover the expenses of running miners. I am not a miner, but I believe a lot of them will stop mining since the block reward will be half every four years or so.

The mining farms continue to mine regardless of whether they are in profit or loss. Because they know that Bitcoin will pump in the future and they will make a profit. That is how miners recover the loss they did when they continued to mine while it was not profitable.

[dezoel]

If the question is "is it still profitable" than I would say it is only profitable to big companies, and even then it is a big question mark. We are talking about 900 bitcoins mined per day if I am not wrong, which means at 100k valuation per bitcoin, that would be 90 million dollars per day mined so there is a revenue we know that much.

The real question is, between what these companies spend on machinery, and electricity, are they spending 90 million a day? I do not think so, they probably spend less, but it is not really a high margin, plus remember that new miners come out all the time, so that means we are going to end up seeing them spend a lot of money on new machines all the time as well, hence that would mean the profits are quite slim.

[Hamza2424]

If bitcoin mining still works after the latest halving, how much can someone invest in the mining of the bitcoin and how much bitcoin is it likely to generate before the mining plan expires?

Who said the mining plan is going to expire anytime soon or ever?

Actually on every halving the mining reward for the Bitcoin gets a cut off by the 1/2 like when the Bitcoin network started the initial block reward was 50 and after every 4 years almost more precisely every 210,000 blocks sets a halving event in 2028 the halving will happen at 1,050,000 Block and from the current block reward 3.125 bitcoins to 1.5 and so this loop will continue.

[Wind_FURY]

If the question is "is it still profitable" than I would say it is only profitable to big companies, and even then it is a big question mark. We are talking about 900 bitcoins mined per day if I am not wrong, which means at 100k valuation per bitcoin, that would be 90 million dollars per day mined so there is a revenue we know that much.

The real question is, between what these companies spend on machinery, and electricity, are they spending 90 million a day? I do not think so, they probably spend less, but it is not really a high margin, plus remember that new miners come out all the time, so that means we are going to end up seeing them spend a lot of money on new machines all the time as well, hence that would mean the profits are quite slim.

Plus they're profitability would definitely depend on the demand for block space in the Bitcoin network. But will there be demand for block space, especially when there's a large part of the Bitcoin community that wants the network to be used merely for financial transactions? I believe not, and it also limits Bitcoin's use case.

If you ask me, if users want to use Bitcoin for on-chain trading dick pics and fart sounds without breaking the consensus rules, than just let them. It would be a bigger problem for the network and ALL of its participants if the demand is not enough to pay for security.