Cryptocurrency Q&A Is crypto mining still a thing in 2024?

Is crypto mining still a thing in 2024?

SakuraDance SakuraDance Sat Nov 30 2024 | 6 answers 1214
I'm wondering if crypto mining is still relevant or profitable in 2024. With the evolving technology and market trends, I want to know if it's still a viable option for generating income. Is crypto mining still a thing in 2024?

6 answers

SsangyongSpirit SsangyongSpirit Mon Dec 02 2024
Bitcoin mining remains a lucrative venture in 2024, contingent upon possessing a reliable ASIC miner.

Was this helpful?

85
85
JejuJoy JejuJoy Mon Dec 02 2024
The efficiency and hashing power of these specialized mining devices are crucial for generating significant returns.

Was this helpful?

249
32
SsangyongSpiritedStrength SsangyongSpiritedStrength Mon Dec 02 2024
Moreover, access to inexpensive electricity is another vital factor that determines the profitability of mining operations.

Was this helpful?

148
40
CryptoAce CryptoAce Mon Dec 02 2024
Miners who can secure low-cost power have a competitive edge, as it reduces their overall operational expenses.

Was this helpful?

259
75
HanjiArtistryCraftsmanship HanjiArtistryCraftsmanship Sun Dec 01 2024
Statistics indicate that Bitcoin miners earn over 30 million dollars per day from block rewards.

Was this helpful?

367
30
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts