Bitcoin mining would bring back excessive profit？

[FotisNt]

What make an influence on Bitcoin mining is computing power, difficulty of computing power and electrovalence. Among them, the electrovalence can be seen as a constant value for the reason of smooth fluctuations under the annual mining contract. There are generally two reasons for drastic fluctuation. One is the evolution of mining machines or methods resulting in halving the reward of Bitcoin; the other is the value of Bitcoin mining won’t increase more than the fluctuation of Bitcoin price.

Hence, Bitcoin mining could return to the lucrative business if its price continues to increase (say, above $5,785).

[Enzo]

I'd be quite psyched if BTC mining returned to being lucrative. I have a decent mining rig that could probably still mine a good amount of BTC. But at the current point in time it's more profitable to mine alts and exchange for btc or hodl till they hopefully go up. Eitherway, it's interesting to see what happens with btc in such a short time. Maybe it'll be like it was years ago when everyone could mine it easily? Would be exciting.

[seacmun]

I used to Bitcoin mining, and I found that if Bitcoin doesn't drop below $ 4000, I will always be profitable. But my nation's electricity price has gone up, and it affected my profit, so I gave up this job. Bitcoin mining is only suitable for countries where it is cold and has low power prices.

[williamshennie9]

No, I think bitcoin mining was profitable in the beginning, but now the block chain has so many transactions that it is near impossible to actually mine bitcoins profitably without cheap electricity and special equipment.

[barbaris]

Well, at least now it is unprofitable or work on payback with zero profit. Now even Asic sells for $ 200, and earlier when mining was profitable, its price was about $ 5,000. Now it probably benefits only large farms or those who have alternative energy sources such as wind power plants or solar panels.

[rajamishra]

hello friends its 100% true now the electricity price increase so heavily.i am also profit from mining few years back but now mining amount  not reached upto electricity bill also.if we used our solar power in mining then its give us good profits.

[nattekut]

I have had and still own a couple mining rigs. In the past I used to mine in my country in a warehouse I rented but it just didn't stayed profitable. Then I transferred my rigs to a friend of me in Iceland. He rents power directly from a hydro powerplant. that one was only operating on 50% of its capacity. so he rented the remaining 50% + a warehouse with direct acces to the plant. So he closed a pretty nice deal and as return he delivers hot water to the nearest 3 villages by heating the water with the heat produced from the mining facility. So over there it still remains quit profitable to mine BTC.... but even if it is profitable we also replaced 50% of the equipment with equipment to mine alts cause they even are more profitable

[Etude]

Bitcoin mining is definitely no longer profitable if you have not started it from the early days and continuously reinvest the earnings to upgrade it along the times. I think with a entry range mining rig for Bitcoin at the moment you only will stand to lose money to electricity costs.

[Kate]

It is useless to mine nowadays before with one phone you could have made around like 10 bucks per day from a computer now it is like 10 cents a day it is useless unless you have a good rig.  

[SLFJ]

What make an influence on Bitcoin mining is computing power, difficulty of computing power and electrovalence. Among them, the electrovalence can be seen as a constant value for the reason of smooth fluctuationsunder the annual mining contract. Yes it will fluctuate the prices just too much so no. 

[BLXN]

if powerful processing / mining becomes affordable the value would be influenced negatively, i would have to assume. the idea backing its value is the scarcity, and the difficulty.