Greetings everyone,
I am new to crypto currency and have been reading and learning about Bitcoin mining. I am curious if it is still profitable?
To the first time, casual miner? Only cloud mining but there are risks in those ventures (minimum payout thresholds) and the earnings will never make you wealthy.
To make real money at minig you need to deploy a large operation. In business they calm it economies of svale, meaning the larger the scale of your operations the better opportunity for profit. Youll need 50, 100, 1,000 machines to make any serious, quick profit.
The best way to profit from Bitcoin is to buy some and hold on for dear life.