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How profitable is cryptocurrency mining?
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[QUOTE="King bell, post: 337252, member: 75687"] Cryptocurrency mining, depending on aspects such as power charges, mining hardware used, targeted cryptocurrency and market conditions, can be profitable. Mining cryptocurrencies was relatively simpler and more lucrative in the early days of the industry. Nevertheless, as more miners have joined the network making it grow into a huge firm, competition has intensified. The profitability also depends on price level and demand for the mined cryptos. If the value of the coin increases greatly, then this could be a highly lucrative activity. Conversely, if there is a drop in price or high competition costs incurred reduce profits [/QUOTE]
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