Discussing the Post-China Era of Mining
summary
China's 2021 mining ban pushes hash power abroad; Cambridge data shows the US near 40% of global hash rate with industry projections to 50–60% by next year. Companies report 10,000 retail customers, 60,000 machines sold and ~80 MW hosted; a mining software firm serves ~3,500 miners across 50+ countries. Debate stresses that pooling in proof of work vs proof of stake remains permissionless for POW, and new immersion/liquid cooling and hydro solutions enable growth in the Middle East, Paraguay and Northern Europe.
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chapters (7)
- 0:00Post-China mining geopolitics
- 3:12Centralization in North America
- 10:55Can mining be banned?
- 13:02Proof of work vs proof of stake
- 15:33Global mining hotspots
- 21:40US mining centralization risks
- 24:32Nation-state Bitcoin attacks
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