Why are so many bitcoin miners going bankrupt? We discuss the economics of bitcoin mining, how the difficulty adjustment works, why it makes bitcoin mining a zero sum game, and why it ensures bitcoin is optimized for the saver, not for the miner. Plus, what are the things you need to keep in mind if you are considering getting into mining? Resources (All links available on saifedean.com/podcast/142-why-bitcoin-miners-get-rekt)
- Saifedean’s first book, The Bitcoin Standard
- Saifedean’s second book, The Fiat Standard
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