Back in 2009, when bitcoin was created, most people wondered whether cryptocurrency was just a phase. Now, more than 15 years later, most people are wondering whether they can still get in on this highly profitable work.

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Mining or validating crypto transactions in exchange for newly minted cryptocurrency, has earned some early miners millions in bitcoin and other cryptocurrencies. Today, while the work is not quite as profitable, you could still make a good profit from the laborious task of solving complex mathematical problems to add transactions to the blockchain.

GOBankingRates talked to experts in their field to find out just how profitable crypto mining can be — here’s what they had to say.

Yes, Mining Is Still Profitable

Mining is still a profitable investment . Or, at least, it can be. There are many factors to consider when it comes to making money as a crypto miner. You need powerful computer hardware and software that can move and “think” fast.

If you already have this set up and if you can keep your equipment updated and constantly evolving, you can net, on average, $10.79 per day after all of your other expenses, according to CCN.com . It also depends on the type of cryptocurrency you’re mining as well.

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“It is no longer profitable as an individual to mine bitcoin today. With the cost of mining one bitcoin in 2025 going over $100,000 in the U.S., the math just doesn’t add up. Other than the mere cost of physical hardware, mining also requires a significant investment into energy and skilled maintenance staff working around the clock. This leaves only tech giants with billions in funding being able to justify this investment due to the economies of scale,” said Leo Fan, co-founder of Cysic, a company that does trustless, scalable and monetizable computation.

Dogecoin may be a viable option, though. “They require less energy (1.1 million kWh per BTC vs 1.71 kWh per DOGE), which significantly reduces overall cost,” he added.

Remember That Mining Takes Power

Though mining can be profitable, especially if you already have the necessary equipment, there are many other factors to consider that could eat into your profits.

For one, mining requires an enormous amount of electricity and the price of power is only rising. The profitable rate for mining crypto is around 5 cents USD per kWh, according to Cambridge Centre for Alternative Finance . In most states, that’s impossible at regular residential rates. But it’s not all bad news.