Is Bitcoin Mining Becoming Exclusively Industrial?

Just wanted to share my thoughts on ASICs. I've been observing them for a few years and it's clear that Bitcoin mining is heading towards forced gentrification. It's less about tech advancement and more about creating barriers that push out individual miners.

Interesting take. Bitmain's new 3-phase 415V miners might be too late to shift the space. They’re pricey too, right? Like, 9.5W for high hash but still... the cost is insane.

But can’t you just buy what you want from the site? It’s like how everyone used to bake bread at home, but now it’s cheaper to buy it. Mining feels the same way it's becoming an industrial game.

I see your point about scale, but that raises some political concerns. Pushing hardware to 4kW-5kW and requiring liquid cooling is forcing this industrial shift. It’s not just about access anymore; it’s about making home mining unfeasible.

Okay, let’s say there are still a million coins to mine. At 71.6k each, that’s a lot of money on the table. But the numbers for future coins seem sketchy at best.

Independent miners are treating this like income, but it’s more like gambling. Everyone’s in pools, and it feels like they’re just hurting each other. Maybe we should just run small lottery miners at home instead.

Thanks for the math, but don’t forget the geopolitical factors. Hashrate isn’t just numbers; it’s tied to countries with energy advantages, like Asia's solar farms versus US regulations.

I mine solo and it’s tough. Big miners have so much better funding. They strip coins fast and focus on profits, while we’re left in the dust.

But you’re twisting facts to fit your view. Manufacturers are still making ASICs for 2026 and there are options for home users too. It’s not just about the big machines.

You’re proving my point while trying to argue. A 20 kW miner isn't a home appliance seriously! Even a smaller 3 kW is like running a couple of AC units. This isn't feasible for most people.

It’s exaggerated to say home miners can handle 5000W easily. Sure, you can split it across circuits but 24/7 heat is a real issue. Most homes can’t handle that.

Governments aren’t running mining farms in China or the US. It’s all private or public companies competing in the market.

That 70 TH/s miner you mentioned earning $222k is a rare win. It’s not a sustainable strategy for anyone else trying to mine solo.

You’re missing the big picture. By 2036, there could be only 200k coins left to mine. Prices will soar. The play is to buy and hold.

That’s just about price though. What about freedom? If mining is all centralized, what’s the point? We could end up with banks controlling Bitcoin, which is the opposite of what we wanted.

Solo miners had a decent week recently. Four different solo miners pulled in over $850k. the space is changing, but it’s not all bad.

In some places, living conditions for miners can be great. Like in Russia, you can set up your own power without too many issues, unlike in crowded cities where you’re limited.

+1 to that! Just because some areas have better conditions doesn’t mean everyone does. It’s still a tough game overall.

Exactly, let’s not ignore the global situation. What might work for one person won't work for another. This is a complex issue.