El Salvador is doing nothing new with it's Bitcoin mining, it already gets 23% of it's power from geothermal sources so the 'volcano' power isn't going to make much difference.
As for the network hash rate 'staying' at 46 Exxahash: dream on. It'll be over 200 by January once the 5nm mining rigs come online.
Topic: El Salvador mining bitcoin - page 2. (Read 358 times)
Some are starting, some are stopping... I think we are all limited by the same thing : ASICS are going to be more and more difficult to find and buy. So IMO, if they stay out of production, difficulty won't be > 45 T
https://www.google.com/amp/s/www.cnbc.com/amp/2021/10/01/el-salvador-just-started-mining-bitcoin-with-volcanoes-for-the-first-time-ever-and-theyve-already-made-269.html
This I think is the beginning of the fall of bitcoin profitability in mining. Governments notoriously participate in activities that are ultimately not profitable. With all the power they need and no real need to be profitable, this might drive difficulty too high. But also hardware sellers should benefit as hardware prices should rise too.
Thoughts?
This I think is the beginning of the fall of bitcoin profitability in mining. Governments notoriously participate in activities that are ultimately not profitable. With all the power they need and no real need to be profitable, this might drive difficulty too high. But also hardware sellers should benefit as hardware prices should rise too.
Thoughts?
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