Even in 2024, with thousands of cryptocurrencies available, the first-ever cryptocurrency, Bitcoin, is still the most popular and preferred by many. However, after the Bitcoin halving event in April 2024 and rising energy costs, is Bitcoin mining profitable? Should you mine Bitcoins?
Bitcoin mining is still more profitable even in 2024 if you know the nuances behind it. However, it may not be as lucrative as it used to be. Let’s discuss Bitcoin mining, the factors influencing its profitability in 2024, cost analysis of Bitcoin mining, Bitcoin mining revenue streams, etc, in detail.
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