Is mining bitcoin still a viable venture to undertake in todays world?
If Bitcoin mining is not viable, many people will close it (BTC mining shutdown en masse).
Crypto Mining currently is a long term investment venture and it might take months before you can make a decent profit...
Perfect... true. Mining BTC is a long-term investment whose benefits we cannot enjoy quickly or short-term. What about the active miners where the price of BTC plunged to the price of $ 3000 yesterday? they will enjoy the results of their profits in mining after the next few months where BTC prices have risen by more than $ 6,000. Apart from that, being feasible or not, BTC mining depends on our perspective in investing in mining BTC.