Is mining difficulty actually good for miners?

[philipma1957]

I tried everything including convincing my friend to try a shorter GPU processor instead of those large ones appropriate for mining. The whole point was to see if block rewards make electricity costs worth it, not if electricity costs are not worth it This question should be genuinely asked once per halving by the bitcoin community as a whole for merit

Edit: the tongue out smiley face, Now there are two.

Interesting idea.

But large mines crushed profit per Watt.

They also see that the coins ran out too fast.

After calling

6 year halving would have meant higher difficulty.

And slower block times. Every 15 minutes not every 10

Ie
2012 1/2ing  would have come in  2014
2016 1/2ing would have come in 2020
2020 1/2ing would come in April 2026.


We would be at 12.5 coins a block right now and changing to 6.25

As structured  a block price of 3x62k is 186-190k which is not worth mining. We would need a coin price of 150k a block price of 450k-465k for ming to be worth it.

And when the next 1/2ing comes coins need to be 300k so mining is in deep trouble with current coin price.

[walletrecovery]

I believe you, but I don't understand why you haven't started mining yet?
You need to buy ASICs and watch a few videos on how to set them up.You have money lying around, and instead of trying to pick it up and put it in your pocket, you're telling others to do the same. I understand you lack experience and skills. But you can buy a used S19 ASIC for a couple hundred dollars and gain some experience and skills.
[/quote]

Big business thinks differently. First, they calculate the payback period and if it is more than 1 year or 2 years, then the business finds another place where it will invest its money. Mining is a big risk because the equipment can break down, electricity will become expensive and there will be no profit, even if you sell all the coins mined by mining on the market, as is happening now. Probably someone will follow your advice to buy an old S19 ASIC, but it will be just a simple guy just to play around.