Is Crypto Mining Still Profitable in 2023?

[puroypoi]

I think it is not as profitable today as what it is like 6 years ago, where those who have money gone gaga over creating their own mining rig. Today, I haven't heard or read in the group page where I'am a part of, any update about mining rig.

 

[IB D]

Crypto mining is not a small field. The hard way and the power consumption need to mine crypto makes it largely un profitable

 

[Passiveearner]

Although currently, there are many online profitability calculators available, and in general you have to fill in or enter data such as hashing power, consumption, electricity costs, mining pool costs etc. But I ask your opinion whether mining crypto will still be profitable in 2023?

Yes, cryptocurrency could be profitable in the year 2023 if you have a huge mining rig with many hardware and mining equipment,.

 

[nomad]

Yes the investment has to be worth it. There are expensive investments that are waste of funds. I prefer going with demand.

When it comes to investment in mining, I think it is always profitable.

 

[uptrendfinancialsignal]

Cryptocurrency mining is always profitable at any moment in time . It all depends on your financial capability to establish in mining farm.

 

[Reedex]

The crypto mining is profitable if you can establish it on a big scale.

 

[riberet19]

It is really profitable if you have enough machinery and that is amortized so that the profit margins are substantial, the cost of energy in the country is also important to consider, otherwise it may not be.

 

[puroypoi]

Some few years ago, crypto mining became a hype. I joined many pages who are into crypto mining, but when there was an increase of miners and the value of cryptos arises, mining became difficult to those miners, to the point that their FB groups were became inactive. So I think, with such case, crypto mining is no longer as profitable as it were before.

 

[uptrendfinancialsignal]

Crypto mining is very profitable in 2023 provided you have enough capital to establish a mining farm.