Quote from: qwertyup23 on May 01, 2019, 11:52:21 AM

Quote from: PTCSuccessBlog on April 30, 2019, 05:20:18 PM

Is mining bitcoin still a viable venture to undertake in todays world? We will explore that question in this article. But first, lets explore the various ways in which you can mine Bitcoin.

By reading this article we are assuming that you are already familiar with the basic fundamentals of Bitcoin and Bitcoin mining. In this article, well explore the actual hardware, software and technical aspects that are required in order to be profitable in Bitcoin mining...

https://www.bitcrypt.co/is-bitcoin-mining-still-viable/

It highly depends on your geographic location, availability of space, government regulations, and attitude towards mining. The high cost of energy to mine bitcoins can also affect your profit margins. Before the popularity of bitcoin exploded, mining was very profitable due to a low number of competitors in the market but many have shifted and turned away from it.

The main focus of your income would be towards the incentives rewarded from transaction fees. If the price of bitcoin suddenly skyrockets, it has the potential to become valuable again.

If your mining equipment has a low mining power or hash rate to compete with other Bitcoin miners, then I think you should direct your mining resources to profitable coins and exchange it for Bitcoins in order to make your mining more profitable and efficient. This is a strategy that some miners have been doing and it seems quite effective but then I suggest you have to make a feasibility study first before you start any mining activity.