Chiara
Fri Jul 12 2024
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6 answers
951
Is crypto mining a side business?
Could you elaborate on whether cryptocurrency mining truly qualifies as a viable side business? While the potential for financial gains is undeniable, are the upfront costs, technical expertise required, and volatile market conditions factors that may deter casual investors from pursuing it as a supplemental income stream? Additionally, how does the environmental impact of mining, especially with regards to energy consumption, factor into the debate of its sustainability as a side business? Is it realistic for an average individual to balance crypto mining with their main occupation and personal life?
