The Cycles of Bitcoin Mining

It's an interesting thing to watch as the cycles play out i've got you know episodes from past cycles let's say. The most efficient bitcoin miners actually cheering that it's like a weird dynamic because in a way their competition gets kind of wrecked in a way and so then if you're in the top for those miners you actually do really well out of that. It's going to create these strange feedback loops that nobody could have seen this coming.