harry on Nostr: Thoughts on the state of mining: The current install base is massive. A 10% increase ...

Thoughts on the state of mining:

The current install base is massive. A 10% increase in difficulty requires 1,000MW of new rackspace. The supply chain and construction timeline for this is significant.

The 5 year chart on hashprice(revenue per petahash per day) showing signs of life :