Is crypto mining profitable reddit

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PARAGRAPHBitcoin mining began as a race, where the individuals or what price BTC would have power hashrate will be able to mine the most bitcoin.

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This is just the inherent risk in crypto. If you believe that the coin will go back up, you should keep mining. Otherwise no one knows and. No, just buy the coin. As others have said mining profitability is not worth it now and will probably be never so don't get into mining. Just. ASIC miners are currently the most efficient option, some coins are still profitable to mine with GPUs. However, the competition is much higher.