Part 11/17:
“Mining has become a pure market driven by low-cost energy,” Dan notes, stressing that competitiveness is fundamentally about securing the cheapest electricity.
The Bitcoin Price Cycle and Its Impact on Mining
Dan dives into Bitcoin's halving events, explaining their effect on mining economics. He underscores that halving reduces block rewards, lowering revenue per Bitcoin mined, which can cause short-term pain for miners with high energy costs. However, the industry adapts through efficiency gains and strategic energy management.