Trading or mining any form of cryptocurrency is very high risk, so never invest money you can t afford to lose - you should be prepared to sustain a total loss of all invested money. The ideas presented are our analysis, learning & opinions on a range of cryptocurrency topics. For a smaller miner running just a few Antminers or some cloud mining, this would be less of an issue bitcoin charts difficulty. So in theory as long as Bitcoin stays popular and its price continues to increase, if you can get cheap electricity Bitcoin mining should always stay profitable. If you were a miner running a large setup, and Bitcoin mining was to no longer be profitable, then you d likely start mining something else that was. DISCLAIMER: This site cannot substitute for professional investment or financial advice, or independent factual verification. Don t rush into anything, do your own research. This guide is provided for general informational purposes only. This could cause big issues in the long-term as it essentially makes it half as profitable overnight. So if miners are only making a small profit prior to this, they ll then be running at a loss just after it. 31% Total Addresses richer than 6,734,348 / 1,648,413 / 548,660 / 140,172 Right Click - remove line Loading. Rather than doubling at a consistent interval, it seems to vary based on factors like available hardware and public interest.
August 2017 is a good example of this, where a lot of miners moved their hashpower to mine Bitcoin Cash (as it was more profitable at the time). Another argument suggesting Bitcoin mining will remain profitable long-term is to look at it from the perspective of large mining operations bitcoin charts difficulty. In 2015 it took around 11 months for the difficulty to double, in early 2016 around 6 months, in late 2016 around 8 months and then in 2017 between 5-6 months. it doubles at the same rate every 4 months. As we write new content, we will update this disclaimer to encompass it. Where used, we will disclose this and make no attempt to hide it. What we re suggesting is that the rate Bitcoin difficulty is increasing is not fixed, and can be anticipated. Anything Crypto is UK-based and not regulated by the FCA (Financial Conduct Authority). At this point open-ended contracts on sites like Genesis Mining will likely no longer be profitable (although they might not even last that long). If there were no profitable coins for a long period of time, you d likely have very high operating costs and be forced to shut down your operation eventually. The key relationship here is that the amount of new hardware becoming available is strongly linked to the demand for it. This website is monetised through affiliate links.
This occurred for Dash when the Antminer D3 came out. We don t endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these. Right now, in December 2017, Bitcoin is very popular, with thousands of new investors and miners every day - so significant difficulty increases are to be expected.TenX.. Bitcoin Mining Reward Halfing in 2020 In June 2020, the reward for Bitcoin mining will half. Many new people are interested in bitcoin mining, allowing hardware manufacturers to sell miners in larger quantities, causing more total hashpower to be available - driving Bitcoin difficulty up. This decreased hashpower mining Bitcoin, causing Bitcoin s difficulty to decrease for 2 weeks. A risk is that if the people making these miners produce too many, the difficulty will rise so fast that Bitcoin mining profitability goes down massively. But the figures for the past 3 years don t do that, they vary significantly. Rate of Bitcoin difficulty increase Looking at the Blockchain chart above for the past 2 years, it definitely looks exponential; e. There are also scenarios that can cause Bitcoin s difficulty to decrease. The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. .