Will mining be viable after the halving?

The block subsidy, i.e. the amount of newly created bitcoins per block, will half. Transaction fees are not affected by the halving. The exchange price of Bitcoin is up to market mechanisms. The halving doesn't change the difficulty. So, yes, probably the value of the mining reward will drop significantly between block 419,999 and 420,000.
Mining already is infeasible at home.
Yes, you're making a mistake getting into Bitcoin mining.
Personally, I doubt that any altcoin will be successful.

Murch

Posted 2016-05-02T20:32:45.980

Reputation: 41 609

The block reward will half, which will in turn make mining less profitable? RIght? – Franklin Harding – 2016-05-02T20:54:29.560

Block reward = Block subsidy + transaction fees. Subsidy halves. Price might be affected, but price isn't controlled by the halving but by the market. – Murch – 2016-05-02T21:11:27.900

So in other words miners will make about half as much. – Franklin Harding – 2016-05-02T21:19:30.123

The number of newly created bitcoins half. If the price remains the same, they will be making approximately half the revenue of now, plus the same amount of transaction fees. – Murch – 2016-05-02T21:21:40.990

Will mining be viable after the halving?

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