Hello everyone, in this article I am going to explain; how profitable crypto mining nowadays? That question has been asked for a while like everyday.
And every bullish market attrackts people for cyrpto mining. Because investors can not increase their coin numbers with trading in that case of situations. In bullish market every time value of the price increases and if you sell your asset, that means you will buy your sold asset from higher prices with more money for equal numbers of them.
That's why investors choose that kind of technique for increasing their asset in number of quantity. Of course, a good trader can do everything for increasing his/her own asset. But the main purpose of mining is not what I explained above. Actual mining duty is being a control port to send and receive Bitcoins or etc, in block chain and earning money from that job. Also, they are solving blocks and getting block prize.
That block prize is lastly halved in 2020 year. It was 12.5 BTC lastly and in that mentioned year after halving, its now 6.25 BTC. Also there is one more thing to be mentioned; that block prize will be divided into block miner quantity in their mining power (Th/s).
If its necessery to write in mathematical calculation, you have to choose your mining equipment first. (ASIC Miner SHA-256 Algorithm) then according to price of the ASIC Miner, you should calculate your earning in first launch in block.
For example you have 100Th/s miner and you are mining in antpool, then you have received 0.005 BTCs at the end of the 12 days, (because every 12 days mining difficulty has increases). According to what you get with the value of mining difficulty, and your mining power and the BTCs you have been received will be your guide to get information about mining is profitable or not for you.
In my opinion, nowdays with my research included ASIC miners are so expensive and not very profitable because of the price/efficency. I think if mining difficulty will increase like this (to the moon) BTC mining will be more more difficulty for beginners.
Please make your own calculation, and choose your equipment visely.
Thanks for read.
