Quote from: South Park on October 19, 2022, 10:10:48 PM

The recent change ETH went through in which it transformed from a POW coin to a POS one also has a lot to do with this, miners which were mining the coin now need to find other coins to mine and until a good amount of them give up it will remain unprofitable to do so, if you are only looking to make some quick money then this is not something I will recommend to you, but if you were willing to operate for a loss and your electricity costs are low you could mine some coins, hold them and then sell them during the next bull run.

Mining is only worth it if electricity costs are cheap in your country. Otherwise, not. Many cryptocurrencies are turning to PoS because of "high-energy concerns". After all, governments are pushing their new climate agenda (especially the US). If this keeps up, there may be no coins left to mine except Bitcoin. That means less decentralization in the industry within the not-so-distant future.

I'd say if you're able to afford energy costs, buying and upgrading mining equipment, and doing regular maintenance on your equipment, then go for mining without thinking it twice. The most important thing is that you make a return on your investment no matter if you're mining or staking cryptocurrencies. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my thoughts Grin