While significant, the $2.2 million worth of crypto donated to pro-Russian organizations still pales in comparison to the tens of millions in crypto donated to Ukraine. Furthermore, because public blockchains are transparent, we can follow each transfer in these accounts’ chains of payments, gleaning insights into pro-Russian activities that would be harder to extract from fiat money investigations. More Than Half Of All Bitcoin Trades Are Fake Talking about the actual Bitcoin profit - the real money making - it depends upon the cost of the AISC hardware, electricity consumption, and the effectiveness of the mining software. Bitcoin Mining profitability has decreased in recent times compared to the previous years because of the rise in electricity costs, costlier hardware, difficulty in mining due to an increase in competition, and a decrease in the Bitcoin prices. Earlier, Bitcoin Mining was initiated using CPUs and easy AI Algorithms, making it profitable and less costly.
A lot of other people were surprised and shocked too, of course, and calls were heard almost immediately for the crypto industry to be better regulated. Is regulation something that crypto lenders are just going to have to live with in the coming years? Won't the finite amount of bitcoins be a limitation? The next network-level event likely to impact price is the next time the block reward drops in half, which will happen in a little over two years.