How Retail Bitcoin Miners Outlast Their Institutional Counterparts
Retail bitcoiners miners can adapt to different market environments and, because of their incentives, they can stay in the market.If bitcoin is in a bear market, the mining industry will see competition sharply increase as profits drop. Mining then becomes a game in which the most agile and well-prepared participants survive while other miners are squeezed out. Some newer corporate mining entities, for example, that started mining in the heat of the recent bull market may already be on the brink of being pushed out of the market, depending on a variety of operating costs.But small-scale....
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