Will it become harder to mine cryptocurrencies in the future?

[Fizzy_boi]

Yeah exactly in the future a crypto coin with a good market value at the present moment won't be same as one not at a good value so it's definitely going to be hard.

 

[Sincerem]

Mining cryptocurrency is not as easy as it used to be. Except for few cryptocurrencies that you can mine with your mobile phone, it's not easy to mining cryptocurrencies like bitcoin is not as easily as used to be.

Of countries keeps feeling disillusioned and undermining the future transition of crypto it will affect its mining strength in the future. But i believe those are still stern test around the crypto, but it will come to time when it will be wowed globally.

 

[Goodday]

This would depend on the coin you want to mine. In future, it would be easier to mine newer coins as opposed to what we have now. For older and more established coins, mining would almost be impossible. The reason for this is because of the limited number of coin on a block chain.

Yeah, I agree with you. With newer coins, it will always be very easier for miners to mine them even though it's also very risky since there are a lot of scam projects these days and it's always difficult the future for new projects.

 

[Setfragil]

It is possible for cryptocurrency to become harder in the future because of it acceptance. When more people accepts cryptocurrency, it is will become scarce and harder to be mine in the future.

 

[Shigobad2020]

Mining cryptocurrency is one of the easiest and most common ways by which to earn the various coins, and with the prices of cryptocurrency increasing drastically over the last few months it is not uncommon for people to get infested into mining. In fact there are many people that are looking to it and seeing that the energy costs are actually lower than what you are able to generate because of the high prices.

And as you know as you mine cryptocurrency there is a halving event that makes mining cryptocurrencies even more difficult. However is this the only thing that will make cryptocurrency mining harder? Do you think that as we get closer towards reaching the complete supply affect specific cryptocurrency that different measures will be implemented in order to increase its difficulty as well? Apart from the halving event of course.

To me the answer is yes but i beleive some people will doubt it definitely, I beleive minning crypto currency is just easy and common among people out there now, and most people enjoys it.

 

[Good-Person]

It is possible for cryptocurrency to become harder in the future because of it acceptance. When more people accepts cryptocurrency, it is will become scarce and harder to be mine in the future.

I believe that mining altcoins and some other tokens will be easier to mine as compared to other big cryptocurrencies. I am not sure about the difficulty levels of altcoins and some tokens but it must be below the difficulty level of big crypto coins.

 

[joy101]

This depends on the coin you want to mining but I believe cryptocurrency is really good, especially now that bitcoin price is increasing.

 

[mcjerry]

As we go day by day, it will become harder to mine bitcoin. Because as the number of miners increases so as the difficulty of bitcoin increase making it very difficult to mine a reward for miners. That is why hardware used in mining bitcoin keep on changing

 

[Jlife]

At times passed by it is difficult for a cryptocurrency like bitcoins to be mined because they have mine bitcoins to a point that it is getting closer to the maximum supply in which bitcoins will not be mined anymore.I believe cryptocurrency mining is getting difficult everyday.

 

[Good-Person]

At times passed by it is difficult for a cryptocurrency like bitcoins to be mined because they have mine bitcoins to a point that it is getting closer to the maximum supply in which bitcoins will not be mined anymore.I believe cryptocurrency mining is getting difficult everyday.

I really wish if we could have mined coins in a much easier way. However, I do realize that this is no longer possible. You cannot even mine vertcoin if you do not have a hardware that is powerful enough. This is why I now believe that we should focus more on trading crypto rather than mining cryptocurrencies. Not every one can buy expensive hardware these days.

 

[Jlife]

I really wish if we could have mined coins in a much easier way. However, I do realize that this is no longer possible. You cannot even mine vertcoin if you do not have a hardware that is powerful enough. This is why I now believe that we should focus more on trading crypto rather than mining cryptocurrencies. Not every one can buy expensive hardware these days.

Yes even me I only forcus on trading and investment in cryptocurrency, I've tried trading in the past but it's difficult as I was losing my money and I now concentrate on investment until I have the required knowledge to trade.

 

[Nomad]

I am not an expert on this subject but as a layman who has an interest in crypto currency, I believe mining is getting complicated day by day. There was a time when you could mine on your personal computer, but that's not just possible these days.

 

[Setho]

From the basics if there is going to be massive adoption of cryptocurrencies in the future then it will actually be a lot easier to mine crypto and many people will want to go into it because there will be a lot of transactions to mine from.

 

[Sincerem]

I am not an expert on this subject but as a layman who has an interest in crypto currency, I believe mining is getting complicated day by day. There was a time when you could mine on your personal computer, but that's not just possible these days.

Miming with your own personal computer when it concerns digital currencies won't bring you the needed coins. Cos you aren't mining real coins, rather you're doing some task for the software developer and he or she rewards you with some fraction of coins.

 

[Nurudeen]

Mining crypto currency will be somehow hard in the next future just because of the fact that there is a total amount of crypto currency one can mine for a coin and if it has been exhausted that is the end of it.

 

[Josephjossy]

Uptill now am still trying to understand what mining crypto currency is all about. I haven't seen any body that is mining crypto but I have been hearing about it for many years now. I will try and research about it and find out what it is all about

 

[Grandeur]

Since every coin in the crypto market has their limited supply then u believe when the supply is over, there would be restricted flow which can make mining difficult.

 

[GIFTMICHAEL]

Since Cryptocurrency is mined with hardwares, and green energy source, which makes it unaffordable for the poor masses. So at the moment it isn't easy to mine Cryptocurrency.

 

[Yusuf]

I don't think it's that hard to mine crypto currency. So far you have a high end system and a rigging system, it will definitely be possible to mine the crypto currency one wants to

 

[BrolySSJ]

I am not an expert on this subject but as a layman who has an interest in crypto currency, I believe mining is getting complicated day by day. There was a time when you could mine on your personal computer, but that's not just possible these days.

When you could mine on your personal computer the prices of these coins were very low so you if you held them you made a considerable profit, however mining on your laptop is very dangerous as it can do damage to your machine.