142. Why Bitcoin Miners Get Rekt
Nov 19, 2022•48 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
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
Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses – including his ongoing course ECO22: The Fiat Standard – and read chapters of his forthcoming book, Principles of Economics, by becoming a Saifedean.com member. Find out more here.
For the best experience, listen in Metacast app for iOS or Android