Post
Topic
Board Bitcoin Discussion
Re: Is bitcoin mining still profitable?
by
JollyGood
on 06/09/2024, 11:08:03 UTC
I cannot understand why you would have posted this reply 4 minutes after the OP created this thread. It really does look as though both accounts are operated by the same person and nobody would have even noticed had you waited a little longer to post or if you had allowed someone else to post before you.

Now that both of your accounts have had attention brought on to them, you should ask yourself what you achieved and was it worth it.

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 looked into mining when bitcoin had already started and it was supposed to cost me around 2k to set up and get everything done and it was definitely profitable at that time but I decided to wait, now if you look into the same possibility, the issue is :

1. Dominance of Mining farms, majority of industry is honestly being controlled by big companies
2. Small industrialists are still mining ⛏️ but they are fighting with the big fishes for profits
3. Individual miner, your circumstances are so different plus with the investments and energy costs, people generally avoid it

It is definitely profitable but not as much as it was before.
If you have the investments, then why not?
If you can afford the bills, go for it!

Best of luck 🤞