I don't think it's any point of starting BTC mining nowadays unless you doesn't have a billions of $$ and a cryptofarm

If you will start mining at current difficulty and price of bitcoin you will only loss unless you have free or very cheap electricity. Mining with cloud contracts these days is just like doing suicide your contract will end after being unprofitable like most of the viabtc contracts will be.

So in both way yes mining is costly and not profitable right now but if you will keep all bitcoin you will mine now for next few months you might make huge profit so its like gambling.

What if you live in a country where you don't have to pay for the electricity?
what if you install solar panels as a one time investment and then use that electricity generated for the mining.
these are some normal things that I could think of which could lower the mining rate.
Besides this there are some people who illegally go to cyber cafes and do Minning there, it's very difficult for the government to track such people. What I want to say is that my name is not costly the way that we are doing it is.
Sooner or later we will be able to cut this cost to a significant amount .

For sure if mining was easy and cheap, No sane person would've bought a single satoshi and they could just mine it without ever buying from others. Cost of mining is one of the factors of the price to be high. There are so many sh*tcoins using the same algo as bitcoin but their mining difficulty is very low, You could try mining them to see what happens.

I think the cost of bitcoin mining is the key, it supports the price of bitcoin.
If the cost of mining is lower than the price of bitcoin, people will buy BTC.

Mining of Bitcoin is never a good start for beginners, it consume more electricity, big equipments and lots more... Making Bitcoin mining profitable is never a good way because in no time, everything will be mine.

As of this moment and the following years hereafter, we just have to deal with the high cost of Bitcoin mining. Bitcoin has a proof-of-work concept or algorithm and as time goes by, the difficulty of the work increases. Along with it is the consumption of electricity and its other resources. Thus, making the mining even more costly.


Or, if you found a way to create more efficient ASIC and sell them to companies who manufactures ASICs then you'll have instant huge profit without even mining.

Over the years the Bitcoin mining has been considered as an attractive and beneficial way of earning but nowadays I don't think it is like the same as what it used to be. There are a huge number of miners at the field and it has become highly competitive than ever before. A proper cost analysis should be done to figure out the ROI considering all your expenses including the initial cost which will incur when acquiring a high-performance computer, cost of maintenance, electricity usage, etc. and the possible gains you will get.

There is no such thing as the cost of Bitcoin.
There is a fixed number of coins that can be mined each day (with slight variations), no matter how efficient your mining gets the reward is the same, if mining gets more efficient and you earn more in $ terms per kwh, then more miners will add more equipment and in the end, the power usage will be the same

Mining is limited only by the price of a kWh, in the end, no matter what equipment will be used, the daily reward can't be smaller than the price of energy consumed in mining those coins.

With a price of 2 cents per kwh, and BTC at 100 000$ the miners could end up burning 1800Twh a year.