sms on Nostr: The #Bitcoin miners are beginning to capitulate; the effects of new supply getting ...

The #Bitcoin miners are beginning to capitulate; the effects of new supply getting cut in half are starting to be realized.

Less efficient #BTC miners are exiting stage left. I believe energy-efficient and waste heat miners will be a more and more dominant portion of hashrate.

My fears of a centralized authority controlling too much hashrate is soothed by the knowledge that mining #Bitcoin will only get less profitable in terms of #BTC and that miners who are not primarily focused on #Bitcoin mining profitability, rather mitigating wasted energy or generating heat, will be more so equipped to go the distance than miners who are primarily focused on playing fiat games.

#Bitcoin is currently the freest market, its adapt or die, always has been always will be.