Are Bitcoin miners still good to go?

[GalaxyWorld]

The trend is when demand exceeds supply. bitcoin operators are really needed. This will rebalance the market. And then the bitcoin price goes up at a high price, then the exploit is still profitable.

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[brickafterbrickwalldpt]

If you are not going to run a huge mining farm then it is not really profitable these days. You could profit by holding the coins you would mine, but you would have to think of the way of paying electricity bill without cashing out. ASIC miners are expensive and you have to wait quite a long time for them. GPU mining is not as profitable as it used to be some time ago. If I were you I would go for buying crypto directly on the exchange. It is way easier and the risk factor is much lower because the mining difficulty might vastly increase any time.

[piratcoin]

Mining using a regular computer or a bunch of computer with gaming graphics is really electricity consuming that is why appropriate software is needed to save energy as much as you can, try to learn about ASIC (Application Specific Integrated Circuit Chips) [Power saving and reducing heat from any technology is also one key in preserving planer earth], this may help you with your plan entering Bitcoin Mining.

[sgenuine]

Because it costs so much electricity, several countries have imposed restriction on mining activity?

Hight prices for electricity and very expensive equipment for mining are not the only one reasons to suppose that now it is better not to mine, but to trade. The number of Bitcoins is limited, and the award of miners is constantly becoming lower and lower.

[Zizi19231]

Because mining bitcoin requires a lot of electricity, some people think that mining bitcoin is a waste of energy, so it's against bitcoin.

[hason88hvbc]

Because mining bitcoin requires a lot of electricity, some people think that mining bitcoin is a waste of energy, so it's against bitcoin.

I think Bitcoin mining will take some more time and consumption of electricity is more compared to Ethereum or other altcoins.

[PinkFox]

I'd say it is more worthwhile to look at alternative virtual currencies (for example, Ethereum (although it already needs a powerful enough graphics card),  Monero, etc.) but not Bitcoin. Mining altcoins  can easily be converted to BTC or even to FIAT currency.