Post
Topic
Board Altcoin Discussion
Re: Is It Still Profitable To Mine Cryptos In 2021
by
optimisticcm
on 13/02/2021, 18:42:24 UTC
I have always been interested in mining cryptocurrency in a very long time and my biggest obstacle has always been the financial resources to purchase mining rigs and electricity required however remaining crypto-currencies became almost impossible for me because of the high cost involved and very low profit margin so I am pumped to ask that with the recent pumps in crypto prices and everything going to the moon is it profitable to mine Bitcoin in 2021 or any other altcoins please let me know.
Yes, I think bitcoin mining is a profitable business these days but you should know that bad days will also come when there will be no profit and even loss especially during bearish market but at the moment as market is growing miners are making good money but we all know this business is not that profitable like it used to be in the past.