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As Bitcoin Price Slides, Older Mining Rigs Are Becoming Less Profitable

Even as Bitcoin's mining difficulty adjusts downward, the price trend might spell a crisis for retail miners. On the other hand, it could be an opportunity for those looking to buy rigs.

Updated May 11, 2023, 4:59 p.m. Published May 25, 2022, 3:21 p.m.
A bitcoin mining farm. (Marko Ahtisaari/Flickr)
A bitcoin mining farm. (Marko Ahtisaari/Flickr)