Part 8/17:
“Without Bitcoin miners, the Texas grid might have struggled,” Dan states, highlighting their role as critical stakeholders in the energy ecosystem.
The Risks of Centralization and the Security of the Bitcoin Network
Addressing concerns about centralization, Dan stresses that hash rate distribution across mining operations globally maintains the security of Bitcoin. He explains that even if hash rate is temporarily lost due to regulations or shutdowns (such as China’s crackdown), the network is resilient—difficulty adjusts, and mining resumes elsewhere.