Bitcoin is down 50% from its ATH - and for many miners, revenue has dropped below break-even. If you don’t have ultra-cheap electricity, you’re either mining at a loss... or you’ve already shut down.
Here’s what’s really happening inside the industry right now:
The Great Filter. Miners on older hardware or expensive electricity are being flushed out first. It's no longer a wait-and-see game, it's a shutdown season.
Efficiency Bleed. Some miners don’t even realize what’s killing them: high ping, stale shares, pools skimming transaction rewards. When margins are thin, these hidden losses finish them off.
Consolidation. Smaller farms are going bust - while giants are waiting to scoop up their BTC$BTC hashrate.
In this environment, even a 5% difference in pool efficiency decides whether you stay online or go dark. Managing technical risk is now a survival strategy #1
🤔 Found a piece on why mining pools are becoming the safest option in this market, and what metrics actually matter when picking one. Worth a read if you’re still mining at $63K...
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