Bitcoin Mining 101 with Sam Wouters (WiM320)
The "What is Money?" Show
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The Growth of Bitcoin Hash Rate
A growing hash rate represents a more resilient network, more decentralized. A lot of it has come from those big public mining companies that in like 2021, May 2021 or so is when China said, okay, no more mining here. But they've tried to ban mining two years later and haven't really succeeded. They're just using stranded energy there that doesn't really have another consumer. And then the local communities around that dam, they just get a lower average energy price.
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