this post was submitted on 01 May 2025
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Bitcoin mining will always be profitable for the people with the cheapest electricity and largest economies of scale. There is a difficulty adjustment algorithm in the protocol that ensures this. When the price tanks people turn off thier miners, difficulty adjusts downwards, and then it takes less electricity to find a block.
tl;dr title is wrong
If we're at the point where it takes "economy of scale" to remain in the game then the average miner must have invested in a whole lot of hardware and such. What happens when the cost of financing the premises and equipment outweighs the meagre returns over electricity cost from keeping things running? There could be periods where nobody's making money. Not that I have any idea if we're in one.