Crypto mining at a crossroads: breakthrough or dead end?

The industry keeps pushing boundaries with new consensus mechanisms and hardware innovations. But is the sector heading toward a game-changing evolution, or are we hitting fundamental limits that can't be overcome?

Proponents argue emerging approaches could slash energy consumption and unlock untapped efficiency. Critics point to mounting regulatory pressure, hardware centralization, and diminishing returns. The economics keep shifting, and profitability margins are getting squeezed.

So what's the real story? Is this the inflection point where mining finally scales sustainably, or are we approaching a breaking point? The answer probably determines crypto's next chapter.