At Home Bitcoin Mining Is Surging

Some social data suggests that bitcoin mining is more popular than ever among retail participants as a surge in interest that started early last year continues, despite a market downtrend.

Bitcoin is currently trading roughly 50% lower than its latest all-time high of around $69,000, set in early November 2021. But even with bitcoin’s steady price decline over the past few months, certain online communities are buzzing with novice and seasoned miners alike discussing best practices, new products and educational resources for successful mining. Sustained activity and growth in these communities, despite a market downturn, suggests that widespread interest in mining relative to previous years is insulated from the bitcoin market’s characteristic volatility.

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