Crypto mining in 2023 — Is it still worth it? Watch Market Talks

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Market Talks with Cointelegraph is live! Tune in to watch Justin Kramer and Ray Salmond discuss whether it is still worth mining crypto in 2023.

, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and a long-time cryptocurrency investor. When he is not attending to his own mining rigs, Kramer provides consultation services to home-based operations and larger startups on how to set up mining farms.

Mining operations that paid extremely high prices for mining rigs, which are now not worth even close to the same amount, how are they managing in this market? What is their plan for getting their investments back? Is it a lost cause at this point since the prices of the coins they currently mine are not as high as they used to be? Is it still worth it to pay those high electricity costs and keep...

Are miners gravitating more toward altcoin miners at this point because they might be able to make more of a profit as compared to Bitcoin mining? We ask Kramer if this is true, and if so, what is the reason behind it? We ask Kramer how he advises people who want to set up a mining farm, is it all Bitcoin miners or a certain percentage of Bitcoin miners and the rest are altcoin miners, and which miners does he recommend specifically?

 

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