Is mining crypto the best way of making it rich in the field?

[Grant]

Mining crypto is something I have not done yet. I purchased some crypto on PayPal and that was it. I already sold it off because I made next to nothing, and I didn't want to hold onto it forever. Maybe I should've, because maybe I would have made a little extra. Anyway, that's not the point of this topic. Do you think mining crypto is the best way of making it rich in the field of Crypto?

 

[Riberet19]

Nowadays I don't think so, profit margins are not as high as they were in the past decade, I think right now, you can make some money from mining, but get rich from it, I see it difficult unless you can have a big cryptocurrency mining farm.

 

[Nomad]

Mining reward is decreasing, prices of energy is increasing, therefore, mining is no longer profitable, at least for small investors. A better approach is investing in crypto assets.

 

[Ravenfreak]

I don't really hear much about mining anymore. For now I believe the best way to earn crypto is to look for survey sites like Idle-Empire and do tasks to earn credits to get crypto, if you don't want to purchase crypto with your money.

 

[Nomad]

These days mining is mostly reserved for businesses or rich individuals., it is not something that everyone can do it as it is very expensive to run a mining operation. You can profit only when you operate in a large scale