Jan 13, 2025
Ibiam Wayas
Bitcoin miners have reportedly earned over $70 billion since the creation of the Bitcoin network.
In 2024, the combined market cap of public Bitcoin mining companies reached $50 billion for the first time, which attests to a good year. But is Bitcoin mining profitable in 2025?
There are several factors that affect the profitability of Bitcoin mining, which include the mining device, electricity cost, and more importantly, BTC price.
In other to have an edge in the competitive mining sector, you need to have a robust mining machine, especially ASICs. However, they can be expensive.
Access to cheap electricity costs is very important to stay profitable in Bitcoin mining. Higher electricity costs could erode profits from mining.
Bitcoin’s price is a big factor. A higher BTC price can keep you afloat even with the high cost of maintaining the machines and electricity.
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