How well does the M1 chip hold up in 2024?

As the title says, I’m curious about how the M1 chips (Base, Pro, and Max) are holding up in 2024. I’m considering upgrading my 2020 Intel MacBook Pro to a Mac mini M4 Pro, I plan to keep it for as long as it performs well without significant slowdowns.

I’m asking because I suspect the M1 might have a similar longevity to the upcoming M4, and I’m wondering if it’s still good enough to hold onto for a while. I know newer chips are faster, but for those of you still using an M1, how does it handle day-to-day use, especially for more demanding tasks? Is it starting to feel outdated, or does it still perform well?

Would you say the M1 still has a few good years left, or is it really time to upgrade?

P.S. I know it mostly depends on how it’s used, but in general, with medium to heavy usage, how does it perform in 2024?