Good-Guy
VIP Contributor
Crypto Mining is a very profitable business. However, when it comes to earning from mining cryptocurrencies, there are a few things you would need to consider. First of all you would need to be patient because mining coins will not bring you profits on the first day because the mining profits would be first covering the actual cost of mining equipment or hardware you purchased. For example, if you bought $1,000 worth of hardware that generates $2 worth of cryptocurrencies, then it will take you one and a half year to cover the cost of the hardware you bought because if you multiply $2 with 547 days, you would earn $1,094. Please note that this is just my speculation and you may not earn $2 even after purchasing $1,000 worth of hardware. This means that you will earn around $90 profits after one and a half years. So, do you think that crypto mining is profitable anymore?