Investing in Cryptocurrency Mining on the Example of Bitcoin

H. N. Kostukova ()

Digital Transformation, 2023, vol. 28, issue 4

Abstract: The development of scientific and technological progress contributed to the formation of the so-called digital economy. The transformations affected, among other things, the monetary, financial and investment spheres. The emergence of bitcoin and other cryptocurrencies has expanded the list of investment assets. Today, not only independent investment is relevant, but also digital investment solutions are to be taken into account. One of the modern types of investments is investments in cryptocurrency mining. This article examines investments in the mining of one of the most famous cryptocurrencies - bitcoin. The difference between digital and cryptocurrency is clarified, the main sources of cryptocurrency are considered, the main attention is paid to mining. The study determines the profitability of bitcoin mining and compares the profitability of investing in bitcoin mining with the profitability of investing a similar amount of resources in a bank deposit.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:abx:journl:y:2023:id:715

DOI: 10.35596/1729-7648-2022-28-4-36-42

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