At-home bitcoin miners are getting crushed by the crypto sell-off and energy inflation. Here's how they're cutting costs.

Two longtime miners told Insider how the US community is coping with the brutal sell-off of bitcoin. Some hobbyists have seen their profits plummet and their costs rise. Electricity costs are also rising across the US, further squeezing these individuals. Some miners are relocating to take advantage of lower energy prices, according to Chris Vega and Michael Carter. Both expect hobbyists to survive the current downturn if they can cut their costs, but some are selling old equipment to raise capital on second-hand sites like eBay and eBay to help raise capital, the two said. Both Vega and Carter are well positioned to see the community's suffering right now, but both expect it to survive if the grassroot individual will continue to prevail in the industry's current downturn. Source