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Nevertheless, a proper passive income can be generated if you play your cards right. The initial investment in efficient mining hardware is probably one of the things keeping you from pulling the trigger, and for good reason. This leads us to our next point: Mining is competitive, yet rewarding. As stated previously, companies have set up large-scale mining operations in China with thousands of ASICs running in synchrony. In case you were not aware, the vast majority of mining operations are in China, primarily because of cheap electricity more on that later. Happy mining! The Bitcoin price and the total network hash rate.