Bitcoin mini workers see the growing opportunities under Trump, although challenges persist

Smoke from Nicaraguan cigars stitched the room like a tough set Bitcoin miner From the Deep South explained how the industry exponentially expanded.

“You have no idea,” he said during the mining of the Mining Pre-Party in Fort Lauderdale, Florida, before he follows the common bitcoiner Maxim recalculated by President Trump on the campaign track-that you should never sell your stock.

After being involved in the space since the beginning, he remembered that he had bought a Ferrari with Orange Coins years ago, which he said – with a smile – he now regretted that he was following the stratospheric rise of the Activum.

Bitcoin has not stopped climbing over the years and rose to New highlights After the back of President Trump’s November victory. The new supreme commander promised During his campaign he would help the industry after regulators cracked About Crypto companies during the term of exit of ex-president Joe Biden.

Part of the resulting optimism threw through during the event. However, there was also gloom in the world’s largest crypto -mining expo this week, such as Those in the fast-moving and mysterious industry admitted that they had trouble making ends meet in the increasingly competitive and more expensive world of Bitcoin-Mijnbouw.

An example: the Price of Bitcoin has now fallen by 24% compared to the all time of January and commercial hands for less than $ 83,000. But mining difficulty has continued to rise to new records – and fast.

“It’s just so hard to keep track of,” said a man with a small company in the murderous trade who asked not to be mentioned. He quickly changed topics to talk about his Solana -based side.

Weathering of challenges

Mining Bitcoin is a complicated but current atmosphere in the crypto industry. Conceptually, people get a bit of why it is important for space – President Trump even spoke about how essential it was to protect the company – but it is too technical for many to wrap their heads.

Even crypto people.

But it is short: mining bitcoin requires many resources – namely cheap energy – to saturate loud, powerful machines that keep the payment network under control. Miners, which are usually large industrial activities, receive newly beaten digital coins when they process a block on the blockchain.

As the network has grown – as it should be, the difficulty is going up. And more manpower is needed to stay in the company. If the price of BTC drops, the sale of the Bitcoin solutions may not be sufficient to cover the costs.

In short, mining bitcoin is not an easy industry. And this was a common theme at the conference, including in discussions about ways for mining activities to diversify their activities.

“Bitcoin Mining has a great opportunity here,” Datacenter Guru Chad Everett Harris enthusiastically shouted on a panel, while trying to convince my workers to immerse their toes in operating AI companies for extra money – a growing trend.

Paul Li, CEO of the FOG Hashing of mining technology, added that miners just couldn’t “miss the chance” to get stuck in the growing wave of AI.

But if Decrypt learned” Switching “digital gold” to running AI data centers is not easy – even for the big dogs.

If even miners on the Nasdaq are noted by the prospect of becoming involved in the world of Ai a precious and complex company, where does that leave smaller players?

A new era?

Prior to his victory, President Trump claimed That under his watch he would insist on all future Bitcoin to make 100% American.

Miners largely wanted to prevent them from talking politically DecryptAnd there was no red hat in sight of the event-in contrast to the Maga-heavy Bitcoin 2024 Nashville Last summer. But there was a sense of help with miners with regard to the new administration.

“The new administration is pro-bitcoin, pro-bitcoin mining,” said Shanon Squires of Compass Mining Decrypt. “The geopolitical risk has disappeared – at least in my opinion.”

But because bitcoin-mining requires more resources because it becomes more mainstream, a crypto-friendly president may not be enough for the smaller players to hang around.

“It’s a real thing,” Squires added. “You must have efficiency on a scale. You need to know what they do. You have to be cost -effective in your acquisition and run your purchasing and a real business.”

“It’s not like, you know, one Crypto ICO Where you earn money out of nothing, “he concluded.

Edited by Andrew Hayward