Bitcoin Mining: Challenges and Evolution

This chapter explores the journey of Bitcoin from an idea to a financial asset, reflecting on the community's experiences and contrasting expectations with realities of wealth. It investigates nation-state adoption of Bitcoin mining, with a focus on Bhutan, and discusses the operational hurdles faced by miners amidst market fluctuations. Additionally, the chapter outlines the evolving business models within the Bitcoin mining sector, emphasizing the need for operational efficiency and strategic diversification.