After Bitcoin is already very established in 2024, it is not a niche anymore where we can make a profit easily, like from mining. In all belongs, current miners have to compete against highly competitive experts to get a new block.

Mining itself is a big competition

Mining by itself is designed as a big competition: who will find and mine a new Bitcoin Block next? It is an essential question for mining because if you get a new Bitcoin Block mined, you are eligible for Bitcoin Block Rewards. Block Rewards are 3.125 Bitcoin per Block currently and it will get reduced to 1.5625 BTC pro Block in 2028.

But here it is getting tricky: mining is a challenging competition and miners are top competition of professionals.

Mining is done under a very harsh competition where we need to compete against experienced businessmen and experienced coders

Mining is done by several experienced industrial and professional businesses under a very harsh competition where we need to compete against experienced businessmen and experienced coders. Top businessmen like from AntPool are very big players and can hire very experienced coders and technically experienced people, where we need to compete against in mining a block. It’s really a big competition.

Mining needs to be competitious and you need cheap electricity to make a good profit. You also need to have a modern miner to be competitious. After some time, new miners will be released where a better technology will create more hashpower.
When you look at a history chart of hashpower, it's always going up which is making mining more difficult.
It is very hard business because you are in competition against industrial and professional business who are able to hire experienced computer experts and finally, maybe you won't get your initial investment back. It is huge risk and can cause huge loss.

Mining is simply not for Beginners as all miners will face experienced industrial and professional businesses competing to mine a new Bitcoin Block.