What does Bitcoin mining look like?

Let’s tackle a crypto myth: When you hear about a “Bitcoin miner,” you probably picture someone who has a powerful computer rig or a home “mining farm” (hardware consisting of a few video cards).

Such a mining setup was commonplace in the early days of Bitcoin, but times have changed. So many participants have joined the Bitcoin network that mining with a regular PC is now pointless. (However, there are surprisingly rare instances of independent miners discovering a block with outdated rigs.)

That was then, but the Bitcoin mining landscape has completely changed. Here’s how it looks now:

1. A miner is no longer a single computer in someone’s basement—it’s a “mining farm” of thousands of ASIC miners (powerful computer rigs) costing up to millions of dollars to operate.

2. If someone wants to participate in mining but only has their PC, they can join mining pools, a community whose miners combine their weak computing power to compete in mining Bitcoin.

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