Can Hobbyist Bitcoin Miners Still Make a Buck?

By November 8, 2014Bitcoin Politics

Is a perfect storm of rising difficulty and falling bitcoin prices killing home-based hobbyist mining? Some industry experts think so.

Ravi Iyengar, founder and CEO of CoinTerra , said that his company used to sell equal numbers of ASIC mining units to individual investors and institutional miners, who would buy them in larger volumes.

"The ratio of small retail miners to institutional miners has gone down," said Iyengar, adding that now, fewer than 20% of the units CoinTerra […]

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