I am new to crypto mining in general and I don't understand how Monero mining can be so profitable?
Since mining a block takes 2 minutes I can mine 720 blocks in 24 hours. At it's current price and payout that's $1,008,000. Deducting electricity costs in India that's $300,000 to $500,000 of profit.
Is this just how profitable it is or is there a caveat?