It's come and it's gone. The Bitcoin halving is over and it will be roughly another four more years until we go from 3.125 BTC per block down to 1.5625 per block another rather big reduction at the time that I'm sure will gather lots of attention.

One of the central parts of this all which many are worried about and starting to look at is just how profitable bitcoin mining now is. A vast majority of bitcoin mining is now done by large businesses which have rather large infrastructure and free power via renewable resources.

This pretty much prices out every other person that wants to mine bitcoin profitably and often times makes them jump around to other altcoins to mine or to simply mine it as a hobby they like doing.

A new trend which has been picking up (which I'm now a part of as well) is what's called lottery mining. It's running a small hash rate chip on low wattage of 50 watts or lower (often 15 watts) that runs all the time and tries to solo mine bitcoin. If you got lucky enough to hit it your little miner would walk away with today 3.125 BTC plus any fees for that block.

It's a pretty big payday right now of over $200,000! When you compare this to lottery odds you actully stand about a 20x better chance at winning solo mining bitcoin right now over winning the lottery. Thus it's why it's called lottery mining and I have to say it's got be pretty hooked at the moment.

Hunt 8

Hunt 8 is one of these so called large bitcoin mining places. I mean just look at this operation here.

Yeah kind of makes you realize that mining off your own PC now is completely worthless. But now the question is, now that the halving has taken place and bitcoin seems to be trading at the same amount dollar wise can these companies still remain?

It's a valid question as these operations that might have been making $200,000 a year for example would now be making roughly $100,000 if everything remained the same because the print value just got slashed in half.

The big thing here that Hunt 8 and other businesses like this have is they are actully producing multiple value at the moment. Because they have also invested in Solar, wind and hydro renewable power they can also profit from that power if need be or split between power production and mining bitcoin.

The expense rate from them is nearly non existent now because the one thing that does cost money to mine is primarily the power. But not only this Hunt 8 is said to have holdings of Bitcoin upwards of 9,100 which allows the company to mine more, hold it and sell it on upswings in the market to generate even more profits and revenue for the company.

This holding of bitcoin assets is actully something we are seeing more and more companies do. Just like you would hold silver and gold along with other assets so too is holding crypto assets more common place for businesses. Now if governments started holding it more as well is when we could really start to see things skyrocket.

So yes, companies like this which are well planned out will be able to continue their operations fine through this halving event and most likely the next. The struggle will of course be now for smaller operations and your every day person.

Posted Using InLeo Alpha