Will mining become cheaper in the near future?

[Setho]

This is something that I am really believing that it is going to be true because more technology are coming and people are beginning to switch to more renewable energy .

 

[Lens]

It should become more difficult as he time increased. The more the time of end of mining approached the more the difficulty in the mining process. That is basically the truth.

I see no reason why mining will become more cheaper in the future. The major reasons is that it will be become more difficult as Time passes by . That's what I felt.

 

[Smiles20]

With the way in which the world is developing right now I am not going to be surprised in anyway if this is going to be possible in the future as new technologies are coming out everyday.

 

[Lens]

Mining will never become cheaper by my calculations. The major thing is that Mining is a very profitable investment if you have a big Mining farm . It is a very good business.

 

[Monster Masterpiece]

Mining Well established coins such as Bitcoins, and Ethereum would become difficult. But many new coins have sprouted to address this issue coins such as Monero, Lightcoins, Dogecoin are developed to enable easy mining. Many more such coins may appear in the future, that would fecilitate crypto mining at home.

Even Monero and Litecoin and Dogecoin will have the same end as every coin will be mined means more difficult and new coins as MANA or GALA will appear and replace them and the game is recursive.

 

[LadAckerman]

First of all, nothing actually gets cheaper in the future due inflation. Crypto mining won't get cheaper because the computing power required to bitcoin underlying network now requires nearly as much as the entire country of Argentina. Now that's a lot. It won't get cheaper in the future.

 

[Lens]

Same is applicable here . Mining couldn't get more cheaper in the future because the number of countries that will be less to mine will keep decreasing on a daily basis.

Mining is actually not going to be cheaper In the future. The bottom line is that most of the Mining app takes a very long time toke and this is due to the limited number of bitcoin left to be mined.

 

[Lens]

The percentage of the bitcoin that is left to be mined is about 10% and it is an indication that the mining will become more difficult in the future. The supply of bitcoin is limited.

The remaining bitcoin that was left to be mined is just 10% and most of the people are actually skeptical of the mining because of the limited supply. Mining will definitely be reduced.

 

[Lens]

I keep thinking that the 10% left to be mined would definitely result result in the reduction of the amount that will be mined using the mining rig. That is Definitely what happens.

The amount left to be mined is actually decreasing everyday on a daily basis and that is exactly the bottom line. The difficulty of the mining process increase everyday.

 

[zelalem]

I think it will happen, because crypto will soon become cheaper and the demand for cryptocurrency will be increase, so I think it will be cheaper soon.

 

[Setho]

Technology advancement has been coming out almost every day and I am definitely not going to be surprised if we are going to be seen better and cheaper ways to mine cryptocurrency in the future.

 

[Smiles20]

With the direction in which the world is going right now I am not going to be surprised if mining options are going to be much much cheaper in the future as we are seeing them in overton right into it now right now

 

[Sincerem]

I am very optimistic that mining Bitcoin is sure going to become cheaper in the future because there would be more and more mining websites , leading to high competition.

Well, that could be true to a certain level but ever since people became more aware about the crypto currency it has led to an increase in it's prices and I believe the more valuable the coin get the more expensive it would become to mine.

 

[Lens]

Thsb

The percentage amount that is left to be mined is actually decreasing on a daily basis. That is actually the beauty in the cryptocurrency with limited amount of supply.

This little amount that was left to be mined will practically make it very difficult in the future. As the percentage left to be mined reduces, the difficulty to mine increases.

 

[Setho]

You can very well be able to predict that with the way in which things have been moving and technology coming out almost on a daily basis, it is going to be much more easier for people to mining cryptocurrency.

 

[Josephjossy]

To be honest with you, I have been trying to learn how to mine bitcoin or any crypto currency for long but I haven't been able to learn it. I don't know much about mining crypto currency. I think this is time I learn what it is all about, I think crypto is the new oil wheel

 

[Lens]

In my opinion, the little knowledge that I have around mining, it seems that mining will become more slower in the future and if it becomes slower, it will be more expensive.

It looks like one, because if I take bitcoin as an example, it showed that bitcoin mining Will reduce gradually as time goes and as the percentage left to be mined reduces.

 

[Monster Masterpiece]

It looks like one, because if I take bitcoin as an example, it showed that bitcoin mining Will reduce gradually as time goes and as the percentage left to be mined reduces.

There is bitcoin on the network of BSC or BEP20 the gas fee in excessive on Trust Wallet as a simple example.

 

[Lens]

There is bitcoin on the network of BSC or BEP20 the gas fee in excessive on Trust Wallet as a simple example.

The mining become cheaper in the newest future except if there is a sophisticated technology that will definitely back mining up economically in the future.

 

[Setho]

We can be able to see for ourselves that technology advancements are coming out almost every day and the new technologies that are more effortless are also uprising. I am not going to be surprised if we see Innovations like this in the future.