The post Bitcoin Miners See Growing Opportunity Under Trump, Though Challenges Persist appeared on BitcoinEthereumNews.com.

Smoke from Nicaraguan cigars choked out the room as a heavy-set Bitcoin miner from the Deep South explained how the industry was expanding at an exponential rate.  “You have no idea,” he said at this year’s Mining Disrupt pre-party in Fort Lauderdale, Florida, before following up with the common Bitcoiner maxim—repeated by President Trump on the campaign trail—that you should never sell your stash. Having been involved in the space since the early days, he recalled buying a Ferrari with orange coins years ago, which he said—with a laugh—he now regretted following the asset’s stratospheric rise.  Bitcoin hasn’t stopped climbing over the years and surged to new highs off the back of President Trump’s November victory. The new commander in chief promised during his campaign that he’d help the industry after regulators cracked down hard on crypto companies during ex-President Joe Biden’s tenure. Some of the resulting optimism shined through at the event. However, there was also gloominess at the world’s biggest crypto mining expo this week, as those in the fast-moving and arcane industry admitted that they struggled to make ends meet in the increasingly competitive and high-cost world of Bitcoin mining. Case in point: The price of Bitcoin is now down by 24% from its January all-time high, and trading hands for under $83,000. But mining difficulty has continued to surge to new records—and fast.  “It’s just so hard to keep up,” said one man with a small business in the cutthroat trade who asked not to be named. He quickly changed topics to talk about his Solana-based side hustle. Weathering challenges Mining Bitcoin is a convoluted, yet topical sphere in the crypto industry. Conceptually, people sort of get why it’s important for the space—President Trump even spoke about how vital it was to protect the business—but it’s…

---

Filed under: News - @ March 31, 2025 6:18 pm