I'm considering mining cryptocurrencies, but I'm not sure if it's profitable. I want to know if mining is currently worth it, given the costs involved and the potential returns.
7 answers
SumoStrength
Sat Dec 21 2024
Mining is a lucrative activity during bull
market cycles.
RubyGlider
Fri Dec 20 2024
However, the profitability of mining is not consistent across all
market cycles.
Martina
Fri Dec 20 2024
During bear market cycles, mining farms often struggle to cover their electricity costs.
Bianca
Fri Dec 20 2024
During these periods, miners can experience extremely high profit margins.
Martino
Fri Dec 20 2024
In particular, the gross margin for mining can reach up to 100%.