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
I had the same question on our local board
[1], from the responses i got, i concluded that mining activities are no longer profitable. As for the crazy APR, don't trust them too much, do your due diligence first. It's up to you whether you want to continue your mining activities or not, but if you prefer to do staking, i suggest you take a look at Babylon
[2], they seem to offer better returns than just 3% APR.
[1]
https://bitcointalk.org/index.php?topic=5507664.0[2]
https://btcstaking.babylonlabs.io/