SamsungShine
Thu Dec 26 2024
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6 answers
1559
Why is crypto mining so unprofitable?
Crypto mining has become increasingly unprofitable due to several factors. The rising costs of electricity and specialized hardware, coupled with the decreasing value of cryptocurrencies and increasing difficulty of mining, have all contributed to making this once lucrative activity now barely profitable, or even loss-making.
Dario
Sun Dec 22 2024
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6 answers
1700
What happens if Bitcoin mining becomes unprofitable?
I'm wondering about the potential consequences if Bitcoin mining, which involves solving complex mathematical problems to validate transactions and create new Bitcoins, becomes no longer profitable for miners.
