I'm rooting for the exact opposite š Hashrate production is adequately decentralized, but hashrate consumption isn't. Only 5 mining nodes find 90% of the blocks.
This is the existential threat: h...
And to be totally clear: it's perfectly rational to mine bitcoin at a loss, there are lots of reasons to do it and you can scale your cost to whatever amount you want.
What is not rational is to be a bitcoiner and never consider mining unless you can turn a profit, since mining is the activity that secures the asset you're holding.
What is not rational is to be a bitcoiner and never consider mining unless you can turn a profit, since mining is the activity that secures the asset you're holding.
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