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Can you fully rely on mining profits?


Valued Contributor
Valued Contributor
VIP Member
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Mar 19, 2023
VIP Standard - 1 Month: BizNotes
Mining is not a very stable area for earning, because due to the sharp fluctuations in the value of cryptocurrency, your profit sometimes falls and rises, and is it possible to hope for a constant profit with such changes and not work extra?
I don't think you can depend only on cryptocurrency profits unless you have a good mining farm, as you say, the value of cryptocurrencies is very volatile, so you won't earn the same every day, on the other hand, you also have to choose very well which cryptocurrency you are going to choose to mine, Since your profits will also depend on that, you will also have to deduct the cost of electricity and the taxes to be paid on the total benefits.

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