When you talk about the future, you really cover a lot of time. However, when talking about the future of Bitcoin mining, reference is made to what it will be like after Halving and after all BTC tokens have been obtained.
In order to know how profitable cryptocurrency mining will be, you have to analyze a large number of aspects and changes that will occur or can happen over the years.
On this occasion, it will be exposed from CryptoTrend until what period of time will mining be profitable and what will be its possible changes over time.
Bitcoin mining after Halving
Bitcoin mining has been known for years for being one of the most common methods of obtaining BTC tokens. However, with each Halving its difficulty increases a little.
Previously, home computers were used to mine and the cost of mining was quite low, as it did not require equipment with very advanced technology. However, after the evolution of Bitcoin over the years, mining has become a real challenge.
Your earnings usually decrease with each Halving. The first Bitcoin mining generated 50 BTC tokens, as of today only 12.5 Bitcoin tokens are produced when blocks are obtained through mining.
With the decrease in the reward for Bitcoin mining, a lower level of profitability will occur. However, although this is about to happen, many experts and analysts see it possible that the cryptocurrency will increase with the arrival of Halving and generate a new profit margin for miners.
Profitability when the last Bitcoin has been mined
The last Bitcoin is estimated to be mined by 2140, however this is not entirely accurate. Because it is difficult to predict how long it will take for the mining community to produce the rest of the BTC tokens.
On the other hand, regarding the profitability of Bitcoin mining in the future, it can be said that this will continue to be profitable until the token extraction has been concluded. Since, the miners not only charge for carrying out this work, but also earn money for verifying transactions.
Which means they can continue to make money by checking blocks. Although the biggest fear of many is that Bitcoin mining will stop due to lack of profitability.
Halving will always cause a reduction in the profitability of mining, which means that miners will earn less and less money for doing this activity. However, with the evolution of technology, it is possible that better equipment will be developed in order to mine faster.
Mining will surely remain profitable, since, when there is a low profitability in it, it is possible that Bitcoin will increase its price. This is because, as there are fewer miners, there will also be fewer tokens in circulation.
In this situation, the law of supply and demand will be applied: the more demand there is and the less supply there is in the market, the price of the product will increase.
With this it can be easily predicted that mining could not cease to be profitable easily. However, there are variables that could affect the future profitability of mining and the price of Bitcoin, as is currently happening with COVID-19.
Conclusion: profitability or loss?
To finish, it should be mentioned that Bitcoin mining will not cease to be profitable as long as users are found supporting BTC as a cryptocurrency.
Therefore, the entire community is required for Bitcoin to continue to grow and establish itself in the world as a reliable currency. In this way its price can continue to increase and a fixed value can be established with which everyone can benefit.