Millions of people mining Bitcoin could weaken corporate dominance, enhance decentralization, and strengthen network security, reshaping the future of Bitcoin’s resilience.
Opinion by: Dr. Michael Tabone, senior economist for Cointelegraph
Bitcoin (BTC) mining has long been dominated by large-scale industrial operations, with public companies like Marathon Digital, CleanSpark and Riot Platforms controlling significant portions of the global hashrate. But what if that balance of power shifted? What if millions of individuals across industrialized nations took up home mining?
This hypothetical scenario isn’t as far-fetched as it seems, especially with the rise of small, efficient ASICs like the Bitaxe Gamma 601, FutureBit Apollo, iPollo v1 Mini BTC and Antminer S9 SE/Hyrdo, giving the home miner hash power ranging from 1.2 to 17 terahashes per second. Some solo home Bitcoin miners have even won blocks, including ones on Jan. 29 and Jan. 30, 2025. So, what if every Bitcoiner in the United States, or even across industrialized countries, ran a solo miner?
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