The Hashrate Migration and Bitcoin’s Resilience, With Compass CEO Whit Gibbs
The Breakdown
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Bitcoin Mining
Becaue: I think by now everyone has heard that bit coin mining consumes as much power as los vegas or switzerland, or some random geographical location. But in reality, i think the biggest narrative shiftthat we have seen over the course of the last six months is that with this shift in hashrate from china to the united states and north america in general. Becaue: We've actually taken what was a net negative in a lot of people's mind, and we flipped that on its head and now made bit coin mining. Obviously, it's more raziliant now that the hash rate is distributed, but it's also much more defensible in our
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