[Crypto Q&A] Due to the lack of Electricity supply in most areas in Africa where Crypto is been allowed, is mining cryptocurency in other to make money a good idea in 2021.

Guest

Crypto mining can be done anywhere, in my opinion an easy and good way to get money in a time like today.

yes good because mining can be done anywhere and anytime using only the internet.

Mining good but invest very good 👍

Yes good mining but no longterm

Crypto mining in 2021 is not a business as usual for pioneering cryptos like Bitcoin, Ethereum and others that have undergone stages of halving! We all know that basic mining in bitcoin started with CPU, GPU and later ASIC mining hardware to solve complex problems within the mining blocks for mining reward that started as 50 BTC per block in 2009. Unfortunately, Bitcoin, Ethereum, others have undergone successive phases of halving and Forks which now create complex computing problems with reducing mining fees paid and transition from or complete change of network protocols for the betterment of the ecosystem. In short, mining is less profitable in 2021 according to miners using PoW algorithmic consensus compared to the past where lower electricity, basic computer and less time is used to make money. The game is completely different for Ethereum miners as the network gradually faces off old miners for current validators requiring huge 32 ETH contributory capital needed to run a mining pool in the new PoS regime being gradually deployed since November 2020. Therefore, mining crypto money in 2021 requires high level of tech-innovation and mining equipment complementing large amount of capital needed to run the horse race for institutional stakeholders in the game!