Once upon a time, cryptocurrency mining was a hobby that could be taken up by pretty much anyone. University students would have mining rigs set up in their dorm rooms verifying transactions at all times of the day. A nice profit could be made without paying much attention to the computer eating up electricity in the corner of your room. Those were the good old days of crypto mining, better known as 2017.
In 2018, something interesting happened. As Diar published in a report, 2018 actually raked in more mining revenues than even 2017, despite the bear market. Just in the first three quarters, Bitcoin mining revenues reached $4.7 billion. This sounds like promising news for those interested in setting up their own rig. However, the figures for net profits actually tell a starkly different story.