Quote from: JanNettFoster on September 05, 2024, 11:26:06 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

I dropped mining bc it stopped being profitable for me. I earned, and then paid my bills, with 0% profit in the end. I didn't see 150% APR but I saw about 100-120% in one pos project Waterfall Network. Check them out, maybe it'll be helpful for you

150% APR is insane, too good to be true, I've looked into Waterfall Network as requested, and I don't think that the project is safe, the project backers are not the popular ones, there is less traffic on the website, I can't find any information about how much they've raised, usability wise is very low too, I doubt that project will survive.

Why are you risking money on this when there are many good projects right now like Zetachain, Sui, Manta Network, and so on, it is not too late right now, change your way of researching new projects, it is very poor.

Quote from: SickDayIn on September 07, 2024, 12:04:54 PM

Quote from: Cryptohygenic on September 07, 2024, 07:24:42 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

If miners stays out of the bitcoin blockchain, then it means bitcoin users will face it hard times of transactions because mining is an essential administration mechanizing the imputations and servicing the forebeing of bitcoin transactions.
So at no course would it not be profitable but though the profitablity ratios are varies depending on the volume of transactions and numbers of bitcoin being mined.

No, this is a completely incorrect answer. Bitcoin mining can and has been very unprofitable at times. The cost of electricity and hardware can far outweigh the return from mining fees. It has never been "at no course would it not be profitable" as you put it.

Just because Bitcoin mining can be profitable doesn't mean it is for everyone, people need to find out how much KwH cost in their country first because without cheap electricity it makes no sense to invest money on asic miners, anyone or any organizations mining Bitcoin right now are doing so because their electricity fee is fair enough.