In 2024, mining faces major challenges:
High energy consumption – significant energy costs and environmental damage.
Increasing complexity – rising network difficulty and decreasing block rewards.
Stricter regulations – bans, taxes, and transaction accounting requirements.
Obsolescence of equipment – rapid moral aging and shortage of new devices.
Centralization – dominance of large players and reduced chances for small miners.
Market instability – volatility of cryptocurrencies and competition from Proof of Stake.
These factors make mining less profitable and more complex.
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