Andras Crow-Hreidar 
In accordance with your present financial status, crypto mining may be an excellent investment. But, in order to determine if crypto mining will still be viable in 2023, we must first examine how it works before delving into future legal implications.
Miners must confirm new blocks in proof-of-work blockchains. Crypto mining is done by enabling computers to solve complicated mathematical problems, with each node competing with the others. The computer, or node, that solves the issue the fastest is awarded with cryptocurrency.
Bitcoin and Ethereum are the major crypto networks that enable mining. But, as of September 15th of 2022, Ethereum miners are no longer mining blocks since the network has been formally changed to a proof-of-stake consensus structure.
Mining Pools might Help you Out
Nowadays, it is nearly difficult to start an autonomous crypto mining company since competition is so fierce that warehouses full of computers are required to keep up. Individual traders interested in Bitcoin mining can engage a mining pool, which is a group of miners who are scattered across the world yet work in unison to contend with the world’s largest mining farms.
The fees of entering a mining pool ought to be considered when deciding whether or not it is economically feasible. Most mining pools require a fee to participate, which may range between 0% and 4% based on the pool. The size of your mining pool has an effect on the payment; the larger the pool, the lesser the benefits.
It Seems Bitcoin Mining is a Big Hassle
While calculating the profitability of crypto mining, the cost of mining equipment and power should also be addressed. It is also critical to conduct your own research on every mining pool, as there is no assurance that your mining pool will transfer your rewards on time, if at all.
While Bitcoin isn’t the sole proof-of-work cryptocurrency, demand for alternative proof-of-work chains, like Ethereum Classic or Bitcoin Cash, is purely speculative and is expected to be lucrative primarily during an “alt-season” bull run.
Several generation 1 cryptocurrencies may not perform as well as in previous years as markets have matured and demand has been disrupted by the smart contract and Layer 1 chains such as Ethereum, Solana, and Cardano. Crypto mining is already a big hassle, and it seems that the future is not bright for the field.
