The article examines the current state of Bitcoin mining in 2025, emphasizing the struggles solo miners face due to reduced block rewards and increased competition. The April 2024 halving lowered rewards to 3.125 BTC, prompting a shift towards marginal economics. While mining profitability is faltering, the value of mining as a method of acquiring BTC at protocol cost is contrasted with the simplicity of purchasing Bitcoin through various platforms. Ultimately, the article argues that mining, despite its challenges, provides a sense of sovereignty that buying cannot match.
Mining has transitioned into financial triage: with soaring hashrates and post-halving rewards, profitability dwindles—especially for solo miners lacking cheap power or advanced tech.
Owning Bitcoin offers exposure, yet it lacks the sovereignty afforded by mining: the latter allows for BTC acquisition directly at protocol cost, emphasizing active participation.
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