Mining Profits Sink as Values Decline, Many Platforms on Shaky Ground

The recent drop in values has created anxiety among many players in the crypto space, perhaps none more so than miners, many of whom have begun to experience losses for the first time. Mining is the underlying foundation for proof-of-work (PoW) cryptos, as it ensures decentralization and maintains consensus. Thus, the lack of profitability over time could spell disaster for many platforms.
Over the course of this year profit margins for miners have shrunk substantially, as crypto values have dec