I've heard people saying that crypto mining is not as profitable as it used to be. I'm wondering if it's true that crypto mining is no longer a worthwhile investment. Is it really not profitable anymore?
6 answers
FantasylitElation
Tue Jan 07 2025
Large mining pools, equipped with specialized hardware and advanced facilities, have a significant advantage over individual miners.
CryptoChieftain
Tue Jan 07 2025
Bitcoin mining remains a profitable venture, albeit not as highly lucrative as in its earlier days.
Raffaele
Tue Jan 07 2025
The decline in profitability can be attributed to the increasing competition in the mining industry.
Stefano
Mon Jan 06 2025
These large pools are able to mine Bitcoins more efficiently and hence, generate higher profits.
Lucia
Mon Jan 06 2025
On the other hand, individual miners often struggle to compete with the scale and resources of these large pools.