Retail Bitcoin Miners Are Resilient

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If bitcoin is in a bear market, the mining industry will see competition sharply increase as profits drop. Mining then becomes a game in which the most agile and well-prepared participants survive while other miners are squeezed out. Some newer corporate mining entities, for example, that started mining in the heat of the recent bull market may already be on the brink of being pushed out of the market, depending on a variety of operating costs.

But small-scale retail miners are a special category in the industry. Independent miners operating at smaller scale — especially at-home miners — can endure adverse market conditions much better than their larger corporate counterparts for reasons explored in this article. With more flexibility, financial independence and price agnostic incentives, retail miners can, in fact, survive almost anything.

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