Their costs and marginal costs can't compete with plebs mining. If enough people start mining using bitaxes, nerdaxes and etc in a scale that the energy costs will never matter for them, industrial mining will always be harder

88b0c423eb

bitcoin

Bit Digital CEO Sam Tabar says the commercial Bitcoin mining industry is “doomed” — even though Bitcoin mining itself will live on.  

The “Bitcoin mining industry is going to be dead in two years” he tells Magazine, explaining the economics of profit and loss will no longer stack up from a business perspective.