So that led me to the age-old question, why do you choose to mine bitcoin with aging, rapidly depreciating miners vs. just buying bitcoin? For the cost of 1 Antminer I can buy more bitcoin than it will ever mine me.
If there are no economic returns, no activity will continue and as long as mining continues, it is most likely an economic activity that generates profit for Miners.
Making a profit does not have to be fair. Some countries have low electricity, zero fees, and low temperatures, which makes mining profitable in some countries compared to others.
Do not forget that mining does not necessarily mean Bitcoin Mining, there are some altcoin mining profitable if you know how to do things correctly.
One of the problems that make me not enter this area is the lack of sufficient spaces in my country in addition to the high temperatures.
it is 0.081 per kWh and profits is about 500$/month