According to the cryptocurrency analysis firm LookOnChain, 5 Bitcoin (BTC) mining wallets have awoken after 15 years of dormancy. The wallets transferred out 50 BTC each earlier today. The wallet received the coins on Apr. 26, 2010, more than 15 years ago, from their mining activities. The 5 Bitcoin mining wallets have made a profit of about $29.6 million over the last decade and a half.

Can You Still Make a Profit From Mining Bitcoin?

The short answer is yes, you can still make a profit from mining Bitcoin (BTC). However, the mining landscape has drastically changed since 2010.

Back in 2010, BTC’s network difficulty was extremely low. The figure was somewhere close to 1. The low network difficulty meant that miners could secure blocks using simple CPUs using a standard desktop or laptop. According to Blockchain’s BTC data, BTC’s network difficulty sits at 127 trillion today. The massive rise in difficulty means that a regular CPU will just not cut it. Modern miners use specialized mining machines to mine BTC. ASIC mining machines are purpose-built for BTC mining.

Bitcoin’s (BTC) block rewards have also substantially diminished since 2010. In 2010, not a single BTC halving event had occurred. Miners would receive 50 BTC for each block verified on the network. Fast forward to 2025, we have experienced four Bitcoin halving events: in 2012, 2016, 2020, and 2024. The 50 BTC reward has been halved four times. Today, miners receive 3.125 BTC per block. While the value of BTC has grown, the amount of coins received per block has diminished, maintaining a balance.

Also Read: Bitcoin Can 10X, But Cardano Can 1000X: Charles Hoskinson

While Bitcoin miners can still make a profit, the amount of competition has increased exponentially. Mining farms, large corporations, and big money have all entered the crypto arena. Getting into BTC mining is a lot more cumbersome today than it ever was.