
Rabbit Hole Recap #224: Largest Bitcoin Miner Potentially Bankrupt
Rabbit Hole Recap
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Is That a Hard Number?
2.2% of overall network hash rate are private miners just hosting with CoreSci so they can hypothetically take their A6 elsewhere. That number is way too high, I mean it's an open market. Anyone can do whatever the fuck they want and I think we should assume that we're going to see more and more of that tendency. It's large publicly traded miners. Long term as Bitcoin uses more energy there's a natural diseconomies of scale where it's harder to get cheap energy at large volumes.
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