Mining in 2023 with this low profitability is rough, but thankfully there is a lot we can do to improve the situation. First off we need to better understand mining profitability so that we can make educated decisions, and make sure we understand the limitations of online mining profitability calculators. After understanding mining profitability, there's a lot we can do to increase our mining profits as well, like getting more efficient miners and lowering our power costs. We can also consider that the actual mining hardware itself can be an investment as well, as mining equipment has gone down in price significantly in the last year. And with that in mind, right now might also be a good time to diversify your mining farm, and get a good mix of GPUs, CPUs and ASICs for mining. Finally, my biggest tip is to take all that we've learned and use that to put a solid mining strategy in place, with a clear goal and a plan for how you are going to achieve that goal.
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None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is for entertainment purposes. You do things at your own risk & are responsible for your own actions. Do your own research.
