Questions tagged [bad business model]

Ilaria Fri Jun 21 2024 | 7 answers 1624

I've been hearing a lot of discussions surrounding the sustainability of Bitcoin mining as a business model. Could you elaborate on the potential downsides of this practice? Many argue that the energy consumption and environmental impact are unsustainable in the long run. Also, with the difficulty of mining constantly increasing, does it become increasingly difficult for smaller miners to compete? And finally, given the volatility of Bitcoin's price, how do miners ensure profitability in such an uncertain market? I'd appreciate your insights on whether Bitcoin mining truly is a viable business model in today's landscape.