Post
Topic
Board Mining
Re: Is crypto mining still profitable?
by
SharonC
on 14/08/2023, 05:35:46 UTC
No, in 2023 crypto mining in not profitable.  and I wouldn't advice anyone to mine cryptocurrency in 2023, small time miners are already selling off their equipment. This is due to the fact that there is a decrease in profit that miners are getting because of the bitcoin halving expected next year.
Mining hardware is now expensive compared to before and unless you backed by an organization or have  a lot of money... for small time miners, they do no not have such capital to procure the hardware needed. 

Lastly, the rise in other always to acquire bitcoin as well as other cryptocurrencies is negatively affecting mining. Most people are acquiring bitcoin through staking and trading etc.

totally agree with you! After eth ended mining, the mining ended for good
ram and cpu prices decreased x2