Bitcoin mining can still make sense and be profitable for some individuals . Equipment is more easily obtained, although competitive ASICs cost anywhere from a few hundred dollars up to about $10,000. In an effort to stay competitive, some machines have adapted.
Read moreIs Bitcoin mining on your phone worth it?
Mining crypto with a smartphone will likely not give you a good enough profit to be worth the effort and time you put in it , given its current state. This is not because these smartphones aren’t powerful or strong enough for you to use them to mine crypto.
Read moreHow much can you make per day mining bitcoin?
In February 2022, one Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $12 in Bitcoin revenue every day depending on the price of bitcoin.
Read moreIs crypto mining on a phone profitable?
There’s also the fact that mining cryptocurrency on an Android device will not give you nearly as much profit as you would receive if you put that same time and effort into traditional mining setups which more sophisticated and powerful tools.4 Ara 2021
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