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Homepage > News > Editorial > Bitcoin mining 2025: Is it still worth it? There’s a strange irony to this moment in Bitcoin mining: the deeper we dig, the less we mine. At Mining Disrupt 2025 and similar events around the country, the conversation has quietly shifted from digital gold to grid stabilization. “Bitcoin mining is a grid balancing technology—maybe the best in history,” said Dennis Porter of the Satoshi Action Fund in a recent panel. That’s not hyperbole. Porter is among a growing number of professionals who recognize that mining’s unique ability to throttle demand in real time makes it one of the most valuable flexible loads available to power operators. There’s a sober wisdom in that observation, a big opportunity, but also a problem. Miners are making money today in everything but mining Bitcoin: carbon credits, stranded energy, tax incentives, debt-fueled BTC accumulation, and curtailment agreements. Many jobs are also being created in the manufacture of the proverbial “picks and shovels” of the Bitcoin era. These are clever plays. They serve the grid. They keep operations alive. But they increasingly distance miners from the very network they were designed to secure. And that is the point of my ongoing coverage of the mining industry as a whole, punctuated (again) by my coverage at Mining Disrupt 2025. title=”YouTube video player” frameborder=”0″ allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” referrerpolicy=”strict-origin-when-cross-origin” allowfullscreen> The margins in pure hash rate-for-Bitcoin are so low—and so commoditized—that the only way to survive is to stack side hustles. And there are plenty of those if you know where to look. Shrewd entrepreneurs are still raking in revenue, but the signal is clear: mining alone no longer pays. So where does that leave Bitcoin? It leaves us with a question no one wants to answer: what happens when the largest infrastructure layer of Bitcoin becomes entirely indifferent to…

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Filed under: News - @ May 6, 2025 1:23 pm