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In this video, I discuss whether very high energy prices or very low energy prices can hurt the Bitcoin mining industry.
Thanks to Satoshi's automatic "difficulty adjustment," there is no BTC price or energy input cost at which it becomes impossible for Bitcoin miners as a whole to mine profitably.
Inefficient and unprofitable miners may drop off the network, but then the protocol will adjust to make it easier to mine blocks for those miners that remain.
Not investment advice! Consult a financial advisor.
SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-calculator
The African village mining Bitcoin:
https://unherd.com/2024/01/the-african-village-mining-bitcoin/
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#bitcoinmining
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
https://www.bitcoinuniversity.com
In this video, I discuss whether very high energy prices or very low energy prices can hurt the Bitcoin mining industry.
Thanks to Satoshi's automatic "difficulty adjustment," there is no BTC price or energy input cost at which it becomes impossible for Bitcoin miners as a whole to mine profitably.
Inefficient and unprofitable miners may drop off the network, but then the protocol will adjust to make it easier to mine blocks for those miners that remain.
Not investment advice! Consult a financial advisor.
SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-calculator
The African village mining Bitcoin:
https://unherd.com/2024/01/the-african-village-mining-bitcoin/
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#bitcoinmining
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
