Is it worth starting mining cryptocurrencies in 2022?

We are going to check the potential earnings of an average rig and examine if it is worth starting mining in 2022. Is mining cryptocurrencies currently profitable? Yes, mining is profitable in early 2022. Of course, the profit margin depends on the electricity price you are paying. The lower the electricity price, the better the profits.

How much did public bitcoin miners lose in 2022?

Public bitcoin miners’ combined losses in 2022 were in the ballpark of $15 billion. Not a single public mining stock is down less than 80% year-over-year. Here’s how much leading public miners fell in 2022:

What are the best mining solutions for 2022?

The Copium Protocol project is one of the best mining solutions we’ve seen presented in 2022 so far. This project’s sustainable energy solution relies on the abundance of New Zealand’s hydropower. Copium Protocol returns the faith in crypto mining in the middle of the worst crisis it has ever endured by fueling it with green energy.

Will the bitcoin washout continue into 2023?

The washout will continue into 2023, as there are basically zero signs that bitcoin (BTC) mining margins will grow. Before taking a look at 2022 by the numbers, let’s take a step back to the most consequential event in bitcoin mining to date: China’s ban in the summer of 2021.