Quote from: moonie on Today at 10:17:31 AM

Quote from: Fivestar4everMVP on Today at 09:44:16 AM

Quote from: salve0908 on September 05, 2024, 09:35:13 AM

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

Based on the ending part of your post, I am also curious to ask if you are already mining bitcoin? If yes, then you ought to have know if it is still profitable or not.

But personally based on my own research, mining bitcoin as a solo miner isn't profitable anymore, I am not a miner, I have never mined bitcoin before, all I am saying here and now is based on information I read online.
The best way to be profitable in bitcoin mining at the moment is to join big mining farms, where the job of finding a block will be distributed to alot of people in the farm, making success more easier to achieve, because according to what I read, it's as good as impossible for a solo miner to find a block on his or her own - what ever finding a block means though 😁 - sorry, I have zero knowledge when it comes to the technicalities of bitcoin.

Finding (mining) a block is basically like solving a mathematical puzzle. This collective effort by the network helps secure the system from manipulation.

Yep! There is a great video about it on Youtube, basically touching the main points of it and a bit more: But How Does Bitcoin actually Work?