Bitcoin and many other blockchain networks use the Proof of Work (PoW) consensus algorithm for cryptocurrency mining.
The biggest cryptocurrencies have conditions that are incredibly challenging to satisfy, and, therefore, it's harder for individual miners to earn revenue.
Also, it may be that you will need to renew the mining rigs and spend more money than you initially planned due to the growing popularity of specific cryptocurrencies.
As mentioned, ASIC miners are designed to serve a single specific purpose, which makes them often the best option for cryptocurrency mining.
Mining pools raise a bigger pool of mining power, so the chance of discovering the next block is increased.
Some people choose to mine cryptocurrency purely to support the decentralization and security of blockchains.

Source -https://academy.binance.com/en/articles/how-to-mine-cryptocurrency?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

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