Will it become harder to mine cryptocurrencies in the future?

[Victor001]

Initially mining crypto coins was lucrative, most people saw it as an easy way to get crypto, but recently mining crypto have become a burden because the energy consumed, the time and also the quantity mined does not balance.

 

[SAFEMOON]

Bitcoin has rise up its difficulty mining this year because of its high surging value. Difficulty is a relative measure of the amount of resources required to mine bitcoin that climbs or falls depending on the amount of computing power consumed by the network, known as its hashrate.

 

[Jimmie150]

Personally I feel it would be totally difficult to mine cryptocurrencies in the near future due to bull run of some coins at the moment. But we still have a chance now to mine which ever cryptocurrency we want to mine.
[automerge]1613066589[/automerge]
Personally I feel it would be totally difficult to mine cryptocurrencies in the near future due to bull run of some coins at the moment. But we still have a chance now to mine which ever cryptocurrency we want to mine.

 

[Irfan Aslam]

There is undoubtedly a possibility that mining will become much easier in future with advances in technology. Indeed, what would happen if a supercomputer used to mine Bitcoin was addressed. Since these computers are very potent chances for anyone using them, a lot of bitcoin and crypto-monnaie can be generated in a short time, but they can also damage the crypto-monetary supply Chain.

 

[Shahzaib37]

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.

Bitcoin mining is a good business if you want to do if you want it then it needs some time to make our bitcoin increase this process is not increase faster but time is a basic things to do it well.

 

[Nicklas22]

Yes I think so, it's even hard now to min cryptocurrency and as time goes on it will become more harder because cryptocurrency are becoming popular and many people are now using it for transaction and it will become harder to get it just by mining

 

[Ridorz]

Don't let me talk future, let me talk about present.
As for me, I can say mini cryptocurrency is very difficult to earn from. Because I have been tried many mini cryptocurrency but I can not able to earn from them, I see them as a wasting of of time. So, mini Bitcoin very difficult.

 

[Goodday]

Yes, l'm very sure crypto currency mining will become very harder in the future. This is very clear from the past. In the past you could mine without any difficulties with your gaming PC that has strong GPU. But now that is very unprofitable and for you to mine successfully you have to join a mining pool or buy your own rig.

 

[Hena101]

Mining crypto currency is one of the easiest way of getting different coins that you can keep more than buying them because of the daily increase in most the crypto currency available. By looking at how it is now talk more of the future, mining crypto currency is one of the difficult thing to do now but we don't know what will happen but it will be very hard.

 

[Debola]

Some economic analysts predict a big change in crypto is forthcoming as institutional money enters the market.3 Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an alternative to conventional currencies.4 Some predict that all that crypto needs is a verified exchange traded fund (ETF).5 An ETF would definitely make it easier for people to invest in Bitcoin, but there still needs to be the demand to want to invest in crypto, which might not automatically be generated with a fund.

 

[Good-Person]

It is already so hard to mine the crytocurrencies as of now. Gone are the days when it was easy to mine such digital currencies using old computers. You need to have the latest computer in order to generate cryptocurrencies. Even with the latest computers, you cannot mine big crytocurrencies like Bitcoin, Ethereum, etc. You need ASIC miners in order to mine crytocurrencies.

 

[Princeeffiong]

The recent bull run in the crypto markets has been incredibly exciting to watch, with BTC smashing records in early January after surging to $41,941.56. Institutional adoption has led to a favourable forecast in the short term, but for investors who are concerned they may be buying at a bad time, Bitcoin price predictions for 2025 can prove useful.

 

[Suba]

In the future, crypto mining will be more difficult, because of the halving event, the max supply is limited, and the crypto miners will always increase so that more qualified mining equipment is needed and can save electricity costs. even though the quantity of the added crypto results will increasingly get a smaller reward but because crypto prices are expensive, so it can cover costs.

 

[Sadia aslam]

Cryptocurrencies are the only way to work online and I think it can be hard if the payment is found to work. Brother online most of the people who work need money.But if the value of this currency goes down, people will stop working without it

 

[Dowenship]

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.

Assuming mining crypto currency is easy I don't think it will reach the maximum price value it reached today! People find it difficult to mine crypto except its yet to have value. I.e its still valueless. But I wished its easy to mine especially bitcoin.

 

[Lyrrex]

As more people try Bitcoin mining, the Bitcoins run out faster. Experts estimate all 21 million will be gone as early as 2050, though some say it will be far as 2100 or so. Like in many cases, as the Bitcoin supply runs out, the currency will become more valuable. But will this cause a problem?
For comparison, as of late 2017, there were $1.59 trillion U.S. dollars in circulation. However, like U.S. dollars, Bitcoins can be divided, though far more than a dollar; you can divide it up to eight decimal places. While the supply is limited, some argue Bitcoin holders will always want to sell. After all, Bitcoin is currency. At some point, you want to spend your money.

 

[btaliat]

It is even harder now. It is very rare to mine cryptocurrencies successfully. The only way it can be done easily is if the coins had not gain much popularity. Mining coins like bitcoin and other popular coin is like wasting of time.

 

[Good-Person]

It is even harder now. It is very rare to mine cryptocurrencies successfully. The only way it can be done easily is if the coins had not gain much popularity. Mining coins like bitcoin and other popular coin is like wasting of time.

I have tried mining less popular cryptocurrencies with my old computer and I was not successful at all. I think it does not matter if you mine less popular cryptocurrency. If your computer's hardware is not powerful enough, you might not be able to mine at a profitable rate.

 

[Akinwale701]

I

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.

I see no reason why it will be harder to mine cryptocurrency in the future as you have suggested. Miners are doing well nowadays and so why will it be hard?

 

[Dubai]

This is a very wise question. I believe it is going to be harder to mine crypto currencies in the future. Then, most of all the crypto would have gained value to the point where it becomes difficult to mine.