Bitcoin Mining and the Beauty of Capitalism

While the price of bitcoin drops, miners get more creative — and some flourish

A Northern Bitcoin data container inside the Lefdal Mine data center, in Måløy, Norway. Bitcoin mining uses a lot of electricity but it does so in very creative and sustainable ways. Northern Bitcoin

The bitcoin price is crashing, and naysayers and doomsayers are having a field day. The demise of the dominant cryptocurrency is finally happening—or is it?

Bitcoin has been buried hundreds of times, most notably during the brutal 90 percent decline from 2013 to 2015. And yet, it has always made a comeback.