Mining is already in the past?

By Lazy Bear | Crypto and world | 30 Jan 2023

More and more often we receive news that the complexity of mining has increased (literally yesterday's news is the latest).

That more and more large cleaning companies went bankrupt, due to the low bitcoin exchange rate, the complexity of mining and debt obligations. 2022 was the year of bankruptcies and layoffs in the cryptosphere.

But all I want to say is that if mining wasn't profitable, people wouldn't be doing it.

Moreover, miners rarely sell their profits at the market rate and patiently wait for the rate to rise.

So today's news confirms that. The profit of miners increased by 50% due to the increase in the exchange rate.

Another question is whether it is worth starting to mine a person with a single ASIC MINER. What do you think?

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Lazy Bear
Lazy Bear

Crypto trader. Love crypto

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