Bitcoin Miners Face Hidden Risks in New Year
Update: 2025-11-19
Description
Bitcoin miners face new challenges in 2023, according to Matthew Case. These issues arent about hardware but rather complex problems related to power contracts, software systems, and hosting agreements. Case warns that these hidden pressures could alter who controls Bitcoins computing power and which companies survive. The main threats are shifting from hardware to contracts, software, and electricity access. Case highlights the concentration of mining pools, with six pools producing over ninety-five percent of new Bitcoin blocks. He also points out changes in the energy market and the potential influence of outsiders through mining software. However, Jesse Colzani argues that the industry is stronger and more focused on energy than some suggest, with miners adapting to tough times before and the ability to find good deals for electricity.
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