Opinion : Is Bitcoin Mining Worthwhile !!

What Made Bitcoin Mining Worthwhile Before?!!

Mining bitcoins has been a very profitable venture for a very long time. While many people who tried Bitcoin mining failed to profit, didn’t receive their mining rigs due to fraudulent or inept companies, or barely reached a positive ROI on their Bitcoin mining attempts, that was not true for the more experienced miners. Those who had successfully optimized GPUs, or aquired FPGAs in 2012 and early 2013, as well as those that were able to obtain early ASICs, or were lucky enough to “bet” on the right Bitcoin mining hardware company for the following generations of ASICs have made incredible profit.

However, the business of Bitcoin mining experienced a fundamental shift between when GPUs / FPGAs were the norm, and the rise of ASICs bitcoin mining hardware. These ASICs completely changed the game by increasing the efficiency of mining bitcoins by many orders of magnitude, and completely destroyed the profitability of mining with a traditional computer.