It looks like the mining profits are going to be exceptional for the next three weeks, or at least that is what everyone is hoping for as the conditions are finally perfect to make a profit by mining. The profits likely won’t last long though, unless Bitcoin can somehow magically maintain its price gaining momentum and a whole lot of money put into it. At least that is what some analysts are predicting based on the upcoming reward halving, because in theory, the only way to keep the ecosystem alive and potentially profitable is to increase the investment into it. Getting a chance to hedge that investment can take years to accomplish, and many miners are eagerly watching the rewards to see if they are finally getting some profits after years of investment with little return.
If the reward halving (the rewards to miners) isn’t offset by an increase in volume, or a doubling of the price, then miners will have a tough time keeping the system operational unless external investment pushes the price to $5000, or higher.
This could take some extra time to hit, but the supply is also going into reserves and disappearing quite quickly, which is one impact that is definitely going to impact price. As the supply dwindles, and demand for Bitcoin increases, the price is going to have some upward spiking potential. This may also make mining a hot investment, and one thing to know is that if it wasn’t, there would not be such a wide group of mining companies working in this sector.
Bitcoin mining is offered by a range of companies: