If you’re a tech geek who loves getting hands-on and learning more about how things work, cryptocurrency mining can be rewarding. Setting up your own bitcoin mining rig will teach you more about crypto than hundreds of hours of tutorials and textbooks could.
From a knowledge perspective, then, mining could be worth a look. If you’re simply looking to earn a passive income from mining, and not attracted by the technical challenge, you are likely to struggle.
In addition to requiring frequent monitoring and maintenance, mining is barely profitable for the average user, which is why the practice has largely been commoditised by professional companies that can leverage economies of scale.
If you’re unsure whether mining would be profitable, use an online comparison tool that will allow you to enter your electricity cost and proposed hardware. This will give you an idea of the sort of profits you could make. Only then will you be able to decide if trying to earn crypto from mining is right for you..
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