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Author: Admin | 2025-04-28
Image source: Getty Images Once upon a time, you could mine one whole Bitcoin (CRYPTO:BTC) in a matter of days with one underpowered computer. Now, even the most potent rigs made up of expensive GPUs cannot even get you one-tenth of a Bitcoin in a month.However, that doesn’t necessarily mean that mining Bitcoin has become unprofitable on principle, even at the current down-trodden price. But at such a low price, wouldn’t investing in Bitcoin make more sense?Bitcoin is currently trading at about $48,859 per unit, which is a 38% drop from its most recent spike. However, in light of the current conflict, the price is expected to go down further. From a mining perspective, the lower the price goes down, the more unprofitable (considering the cost of electricity that goes into it) it becomes. This is relatively straightforward.However, a miner doesn’t have to sell their Bitcoin as soon as it’s mined at the current price and may hold it just like an investor. But there are pros and costs of mining. The main pro is that, apart from buying the mining rig, which is still tiny compared to buying one whole Bitcoin, the price is spread out over the course of months, even years.The main con is time. Mining takes a lot of time, especially if your goal is to get one full coin before selling, which can easily take years with one rig (even if it’s the most powerful one). Further complicating the matter is that the more Bitcoins
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