The Bitcoin Standard Podcast

142. Why Bitcoin Miners Get Rekt

November 19, 2022 Dr. Saifedean Ammous
142. Why Bitcoin Miners Get Rekt
The Bitcoin Standard Podcast
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The Bitcoin Standard Podcast
142. Why Bitcoin Miners Get Rekt
Nov 19, 2022
Dr. Saifedean Ammous

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)

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.

Show Notes

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)

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.