Is cryptocurrency mining still profitable?

[magnus2022]

Cryptocurrency mining unlike before when bitcoin is still new is highly profit and can be mined with CPU. Now, you can mine bitcoin with sophisticated machine if you want to make some profit. Secondly, bitcoin mining can consume a lot of energy. The cost of energy is enough to suck up your entire profit except if you have a way of generating energy which is cheap. Therefore, mining bitcoin on small scale is no more profitable .
The only good news is that bitcoin is not the only coin you can mine. You can mine other coins and make some profits

 

[Nomad]

If you have access to cheap energy, or if you install your own solar plant for energy, mining can be very profitable

 

[eLdavis]

From what i have heard from others, it's not that profitable due to the amount you spend on energy and other equipment.

 

[riberet19]

It depends a lot on the network you want to mine, there are some that are still quite profitable, for example Monero (XMR), if you try to mine Bitcoin or some with a large hardware/hash requirement, you will earn hardly anything.

 

[Suba]

In 2025, mining crypto will be profitable or not will depend on the choice of crypto to be mined and the electricity costs you have to spend. In addition, you also have to pay attention to the increasingly tight competition of miners, the hardware used must also be sophisticated.

 

[King Belieal]

I don't think mining bitcoin is profitable for small players. But some altcoin would be profitable to mine.

 

[Fidelia]

I have never mined crypto. In fact, no one mines it in my country. I think it is profitable in countries that have cheap costs of electricity.

 

[Stardom22]

The mining of crypto currency is very expensive for sure. It mostly requires some very expensive mining equipment and higher electricity capacities.