I think mining in cryptocurrencies is only worth it if you invest a huge amount of money in cryptocurrency mining. You have to select the right kind of coin which night be suitable for mining purpose.
Crypto Mining- Is It Worth It?
- Thread starter nite001
- Start date
True but even when you invest a huge amount of money, especially in buying gadgets and the likes suitable for mining, what you mine is usually not up to what you have invested, this is one of the major reasons why so many people do not mine these days.
Cost of electricity in my country is so high and I don't think mining from my country is profitable.
Cryptocurrency mining also depends on various factors. As others have pointed out, cost of electricity is also one if the major factors that contribute to how much money you will be earning in the end.
Mining coins like BNB, Ethereum, and Bitcoin is hard because the difficulty kevel of these coins is quite high. It is much better to mine coins that have a really low difficulty levels.
There are many people who even think that they can mine cryptocurrency using their phones. However, those coins are specifically created for phone mining. Phoneum is one such sort of cryptocurrency which is mined on phone, I think.
