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Mining Bitcoin made increasingly large profits at the end of 2020, but profit growth seemed to stop in March 2021. During cryptocurrency mining, a computer tries to solve complex logic puzzles to verify transactions on the blockchain. When this process is completed, the miner receives the cryptocurrency as a block reward. The underlying development is that machines with more computing power, or hash rate, are likely to solve more puzzles, and therefore mine more cryptocurrencies. Whether a miner can make money with this depends on various costs, such as electricity consumption during this process, transaction fees, or whether the hardware used is efficient or not. As of April 2026, mining profits have fallen to just **** U.S. dollars per day per terahash/second, down significantly from nearly U.S. dollars at the beginning of the observed period.