Analysis: Cryptocurrency miners may break free through alternatives and diversify their business

According to CCN, since crypto miners need expensive mining equipment and GPUs worth thousands of dollars to mine Bitcoin, their profitability depends on cryptocurrencies such as Bitcoin maintaining a high enough price.

But as Bitcoin prices have remained below break-even for several months, some miners do not intend to abandon existing mining methods. Instead, they are turning to profitable businesses as they adapt to new market realities. Miners are also seeking some innovative alternatives. Miners may soon break free from their cryptocurrency shackles and diversify their businesses.