Way back in 2013, we wrote an article on Habrahabr (Russian) about Bitcoin mining. The main idea was that there was little profit in mining due to the difficulty of the algorithms. Things haven’t changed much up to now, and the market has been overtaken by mining behemoths from China, who operate mining farms the size of aircraft hangars.
In this article, we’d like to retract our statement and say that, for the time being, mining can be and is in fact profitable. Read more