 The purpose of this study was to examine the profitability of Bitcoin mining under current market conditions. We analyzed the cost of mining equipment, difficulty and hash rate of the Bitcoin network, transaction fees, and energy costs from various sources. Our findings showed that Bitcoin mining is not profitable at present, except in rare cases. This is due to the rapid increase in difficulty of the Bitcoin network, which leads to decreased participation of existing miners in the network's hash rate. A sensitivity analysis revealed that the conditions for Bitcoin mining to be profitable are difficult to meet. This article was authored by Mogherjata Jabuksinska, Kristof Kosk, Prashamaslaris, and others.