
Rabbit Hole Recap #232: Merry Christmas!
Rabbit Hole Recap
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Bitcoin Mining - Core Scientific
core scientific was the largest publicly traded Bitcoin miner in the US. They had a significant amount of hash rate for those of you who are unaware. The company's business model was, I believe, they're like 55% prop mining and 45% hosted mining. It seems that core scientific also ran into electricity pricing problems,. If you don't have a good power purchase agreement locked in with your power provider as a Bitcoin miner and your energy cost are bearable - therefore your electricity costs are bearable.
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