Quote from: pj40 on November 05, 2015, 07:37:10 PM

Quote from: OmegaStarScream on November 05, 2015, 06:00:12 PM

Quote from: pilscoop on November 05, 2015, 05:57:16 PM

I mean for an individual. With the increasing difficulty and halving it gets harder and harder for an individual to make a profit from mining.
What do you think about this?

With power increasing and new bitcoin mining farms opening , mining become harder more and more , so for an individual it won't be very profitable unless he have pretty cheap electricity if not free ... (that's for now) , on the Future it will probably won't be profitable at all (Correct me if I gave any wrong information's which I don't think I did) .

Nobody knows what the future will hold. Once the reward for finding a block is cut in half to 12.5, are all those megafarms going to be able to justify their costs to keep mining blocks? Will a large amount of home miners fall out? Nobody really knows. Us home miners right now are gambling a lot hoping that we'll still be viable at the halvening.

Another thing to consider...will the price of bitcoin keep rising? The higher the price, the more lucrative it is to keep miners on, even when block rewards are cut in half.

So in summary...Nobody can answer with 100% accuracy. Some people like blackjack or poker, some of us like bitcoin mining.

Home/Hobby miners we will see It's unsure. But a lot of the big farms likely will remain profitable as they have so cheap of electricity.

I suspect most of the mega farms pay a few cents. They just have electricity costs that little guys can't beat. So chances are they will remain profitable at having I think at least. It's home/hobby I wonder what will happen to us.