9/ Demand for BTC typically increases during economic & political crises. Tx volume increases where there’s more economic activity done in BTC. Layer 2 adoption (LN) would eventually drive up on-chain activity. Vice versa, demand for BTC & transactions can also decrease.
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20/ However, in the short to medium term, miners probably need large investments in chip design / manufacturing / supply chain to stay ahead of the curve.
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So all that is left is they'll have to master managing variances in finding blocks and market demand. What else can they do? As hw becomes commodity, the best low cost mines will be those that, aside typical low energy costs, use their dissipated heat as a source of revenue.
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