So depressing, I used to make around $300 a day but now I'm down to like $70 a day. Probably won't even be able to live off this anymore and I have bills to pay.
I believed a lot of people has started mining as many sees it as very simply and this has affectsed the profit also with the fact that the price of Bitcoin has also dropped from what it use to be
No, I think not only mining is the reason why the profit is low the other reason why the mining profit is low it is because of bear market if there is no bear market maybe mining still profitable in almost all country.
And honestly, miners have lots of contribution to the network to include the transaction to the blocks it also help to speed up verifying all transactions.