Bitcoin Economics and Evolution | The Saylor Series | Episode 16 (WiM062)
The "What is Money?" Show
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The Limiting Factor on Creating Crypto Hashes
Mining rigs properly installed in a mining center with the right cooling ology. The bihoin miner that just buys a bunch of equipment five years ago and stops up grating, becomes obsolete. If you have 20 cent power, you can't make money. You got to turn it off. I mean, your break even point becomes a tenth of a penny once you're three or four generations behind. So this is like nature healing itself. It's a very natural process. But has darwinian overtones.
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