Bitcoin Mining: Dead for Individuals? Mega-Corporations Dominate, Leaving Solo Miners in the Dust

From the early days of individual Bitcoin mining to the current era of corporate domination, the economic viability of Bitcoin mining has drastically shifted. The cost of mining a single Bitcoin now significantly exceeds its market value, making solo mining virtually unprofitable even in regions with cheap electricity. The article highlights that even large public mining companies face costs exceeding $82,000 per Bitcoin, rendering it impossible for individuals to compete. The future of mining may lie in its use by large corporations for general computation, while for individual users, gaming remains a far more practical application of their hardware.