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

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

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In this week’s episode of market talks, Cointelegraph welcomes Justin Kramer, CEO of Badgerland Home Crypto Mining and longtime cryptocurrency investor. When he is not tending to his own mining rigs, Kramer provides consulting services to home operations and larger startups on setting up mining farms.

We start with miner prices and how they have changed in recent months. Have prices gone up or down and what kind of impact does Bitcoin have (BTC) have about the prices? Which miners are in demand right now and who is buying them, small scale miners or larger operations?

Mining operations that paid extremely high prices for mining rigs, which are now worth nowhere near the same amount, how do they fare in this market? What is your plan to recoup your investments? Is it a lost cause right now since the prices of the coins they currently mine are not as high as they used to be? Is it still worth paying those high electricity costs and continuing to mine?

United States President Joe Biden recently announced a new budget that also includes a whopping 30% tax on electricity used for cryptocurrency mining operations. We asked Kramer what he thinks about this and what exactly are the details of this new tax. Could this be an attack on cryptocurrencies?

Are miners gravitating more towards altcoin miners right now because they could make more profit compared to mining Bitcoin? We ask Kramer if this is true, and if so, why?

How profitable is it to mine Kadena (KDA)? How much do miners cost, and also, is Kadena worth mining and maintaining? Does the network advance and innovate?

We asked Kramer how he advises people who want to start a mining farm, are they all Bitcoin miners or a certain percentage of Bitcoin miners and the rest are altcoin miners, and which miners does he specifically recommend?

How are things developing in the cloud-based mining and NFT-based mining sectors? Are they a good option for someone who might not have the space or resources to operate a miner at their home or on their property? We also asked Kramer for details about profit sharing and other expenses involved in this form of mining.

We cover all of this and more, so be sure to stay tuned until the end because Cointelegraph Markets & Research will also be answering your questions and comments during the show, so be sure to have them ready to go.

Market Talks airs live every Thursday at 12:00 pm ET (5:00 pm UTC). Each week, he features interviews with some of the most influential and inspiring people in the cryptocurrency and blockchain industry. So, head over to Cointelegraph Markets & Research YouTube page and break out those Like and Subscribe buttons for all of our future videos and updates.

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