Back in the good old days when Bitcoin was worth less than a buck and no one had heard of NFTs, mining was easy. Anyone could run a simple program on their computers and earn an occasional 50 BTC for processing transactions and building blocks. It was like SETI but for banking. As the popularity of Bitcoin increased, not only did the rewards halve but competition for those rewards tightened. Specialist rigs replaced home computers. The price of electricity became a serious factor. Individual rigs turned into mining farms that required huge investments in places with cheap energy and friendly r…

Read More