Cryptoverse: Bitcoin miners get stuck in a bear pit


FILE PHOTO A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris France June 23 2017. REUTERSBenoit Tessier

FILE PHOTO: A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier

(Reuters) - Spare a thought for the beleaguered bitcoin miner.

In late 2021, miners were the toast of the town with a surefire path to profit: hook powerful computers up to cheap power, crack fiendishly complex maths puzzles and then sell newly minted coins on the booming market.

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