The Bitcoin blockchain generates blocks at a predetermined rate, regardless of how many people are trying to mine it. Initially the blocks were 50 BTC and there was almost nobody mining, you could mine blocks using home computer. The more computing power is targeted at Bitcoin, the higher the difficulty of mining is going to become. There is an algorithm that adjusts this difficulty every estimated 2 weeks.

You can think about this with an analogy. Say you have a small pond with 100 fish per day, and there are 5 fishermen. Low competition, so you should be able to catch a few fish before it runs out. Yes? Now imagine this same pond with 100 fish, but now there are 1000 fishermen fishing at the same time. You will probably not catch a single fish, the competition is too high.

You need many millions of dollars to even get started, you can forget about this.

Wrong place to make this comment, but anyway you should work on becoming a senior developer. Get more income and constantly buy bitcoin with a dollar cost strategy. This is the best way to approach this. Don't dream of easy money just because some people got lucky. There is no such thing. Work hard and work smart.


I highly recommend that you read some books about Bitcoin first such as Mastering Bitcoin.

You couldn't be more wrong, you rushed to write a reply. 50 BTC per block, 6 blocks per hour, 24 hours per day. 7200 BTC per day. Depending on when you tried to mine, you could be only competing with satoshi or a couple of other people. So you could mine hundreds if not thousands per day in the very early days.

Someone who is a whale today might not be again in the future. To be a whale in the future, you have to be able to have alot of funds because the bitcoin price must have been so high. Unless, you will have to be manipulating shitcoins because I know that at any time in the market, there must be low cap coins for pump and dump manipulations.

Like others have already said, the cost to mine is significantly cheaper than in the past, and you also need to remember that the price of Bitcoin is way cheaper too. People mine because they want to take part in the community first, before the profits become higher after that. Then come the mining companies and so on. Imagine if there's a new coin right now, would you jump and try to mine them when you don't know if you'll get the profits you wanted? I followed a few coins, and some of them died recently, so the risk is higher now because competition is really fierce. CMIIW.

Good luck on that. Maybe you can post your service on the services board if you accept Bitcoin for your work.

Starting mining now will be costly, you gonna be up against the big players that have accumulated wealth and can renew their rigs since they got the capital going.

But I've heard that some people did solo mining and with their luck solved block and get big reward, but in my opinion it's more of a hobby because it's 100% depends on your luck and there's no guarantee that even if you solo mining for 100 years you'd solve a block.

In any direction. No one can "see" the future. But the current trend is that bitcoin is more likely to go up in price. The probability of it getting significantly cheaper is extremely small. Very small.

Due to the rising cost of BTC, you will be able to buy fewer bitcoin units each year. But during a bearish trend, which is inevitable, the situation will improve a little. If you look at the horizon of years, then with the rise in the price of BTC, it will be increasingly difficult to accumulate bitcoin.

Therefore, so that this does not seem impossible, calculate in sat. or in dollars. In any case, for each dollar invested, you will be able to get 2 - 3 dollars. This is still a profit.

This is a thing of the past. Back then, the hashrate was low and the mining difficulty was very low due to the small number of miners.
 
Now this requires significant investments. And it is better for beginners to simply invest in bitcoin than to engage in mining.

Check out the "mining" section of this forum.

I'm sorry to disappoint you. This won't get you any closer to your dream of becoming a whale. Unless you're already a millionaire enough to invest your fortune in bitcoin.

And for this, you better look in the "service announcement" section.