How are you? By Allah's grace, I'm doing very well. Today we will discuss why Bitcoin mining is so difficult. Satoshi Nakamoto revealed cryptocurrency to the world in 2008. The main reason for creating this currency is so that people can exchange money from one place to another without any third party. That is, by using this method, it is easy to transact money without any bank or institution. But around 2008, such an idea was unrealistic. Then a thought started to creep into Satoshi Nakamoto's head that who or who would complete Bitcoin transactions? And how would Bitcoin be supplied in the crypto market? Then Satoshi Nakamoto decided that Bitcoin Miner would complete Bitcoin transactions and he selected the miners. Miners' job is to use their computer power to verify all Bitcoin transactions and do their best to secure the Bitcoin they are responsible for.

Source

When Bitcoin was first invented, Satoshi Nakamoto was mining Bitcoin on his own computer. At that time, it was very easy to mine a large amount of Bitcoin at once. At that time, there were very few miners in the Bitcoin network and 50 Bitcoins were released per block. This is why Bitcoin miners received a good amount of Bitcoins per transaction and they were divided among a few people. For this reason, Satoshi Nakamoto was able to mine one million Bitcoins in a very short time. Then, when everyone knew about the different Bitcoin mining methods, many people started mining Bitcoin on their personal computers. However, no more than 50 Bitcoins were released per block and these 50 Bitcoins were divided among each miner in the network. As a result, Bitcoin mining difficulty began.

Source

If more miners are added to the Bitcoin network, the mining difficulty will also increase, but this is as much a negative for the miners as it is a positive for the Bitcoin network. Because the more miners, the stronger the Bitcoin network. Bitcoin mining is not profitable at the present time. This is because many large mining farms are mining large amounts, which is why the mining difficulty is increasing. Whether Bitcoin mining will be profitable or not depends on many factors. Such as electricity consumption, the miners used for mining, which machine you are using for mining and how many kilowatts of electricity it consumes, what is the mining capacity? Depending on all these factors, Bitcoin mining will be profitable or not. There are various mining calculation websites online from where you can see the calculations if you want. My personal opinion about Bitcoin mining is that it is better not to mine Bitcoin. The reason is that there is more competition in Bitcoin mining now and the profit margin is less. Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.