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15min chapter
The Future of Bitcoin Mining and Home Heating with Alex Busarov (WiM491)
The "What is Money?" Show
Evolution of Bitcoin Mining
The chapter explores the history and advancements in Bitcoin mining, showcasing the progression from CPU mining to the dominance of ASICs and specialized chips. It emphasizes the impacts of centralization driven by economies of scale and energy costs, while also discussing future trends towards decentralized mining using innovative energy sources and heat monetization. The chapter highlights how combining mining with heating processes can lead to economic efficiency and a more distributed mining network.
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