Bitcoin Mining Is No Longer Worth it

After a dip that coincided with when the stock market crashed (remember when Bitcoin was supposed to be a hedge against market volatility? Despite that, it seems that mining for the cryptocurrency is no longer worth it, even for some larger mining operations. Here’s how the math breaks down: For large mining companies, it now costs over $82,000 to mine a single Bitcoin, which is currently valued at about $95,000 at the time of publication. If you’re doing your mining in Germany, the math gets worse: it’ll run about $200,000 for a single coin. For most people, nothing of value will be lost by Bitcoin mining ceasing to be profitable.