Hello everyone! Since mining isn’t that popular anymore I’m curious is BTC mining still profitable?
I’ve really many equipment since I was mining ETH back in 2021 but when it changed from PoW to PoS I’m not sure about its profitability..I mean only 3% APR and much more money to invest now. So, do you recommend to stick to BTC mining or switch to staking? I saw crazy APRs like 150% but not sure about it
ETH miners usually use GPU which is not suitable for Bitcoin so if you have such you would have to switch to ASICS.
Is bitcoin mining profitable? It depends on your access to cheap electricity or energy among other cost.
It's not as profitable as it was then, except you have a means of reducing cost in relation to returns.
Staking that gives returns that high are quite risky and volatile.
Personally would stick with buying and accumulating BTC except you do have the capacity to mine in profit whether solo or via a mining pool.
I’ve really many equipment since I was mining ETH back in 2021 but when it changed from PoW to PoS I’m not sure about its profitability..I mean only 3% APR and much more money to invest now.
3% APR is current rate of ETH staking. Few years ago, it was few times higher.
it's approximately averaged 2%.