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121 sats \ 2 replies \ @028559d218 OP 18h \ parent \ on: The "Silver Lining" to the Tariffs - forcing Hashrate OUT of the United States bitcoin_Mining
https://xcancel.com/toobahlou/status/1895069010418405579#m
https://xcancel.com/LukeDashjr/status/1888295040113361129#m
https://xcancel.com/GrassFedBitcoin/status/1887355836378267909#m
https://xcancel.com/JStefanop1/status/1887235853312757968#m
I agree that this isn't good. But these links are about the Bitmain/Antpool proxies. Your post is focused on Foundry who do construct their own blocks.
Best we can do is keep educating these fiat miners and hope it gets through that overall it's bad for Bitcoin and the price will go down if it continues.
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According to "Bitcoin Mechanic" (I'm just going of of Twitter) it's not in their interest to avoid regulatory capture. It's 'cheaper' to just stay in Foundry to avoid the regulatory scrutiny rather than risk mining,,, 'forbidden' transactions that require lawyer intervention/additional costs.
Therefore the only thing they care about is the 'bottom line' which the tariffs which will impact.
That plus the 9 blocks in a row is unacceptable.
I rather Bitcoin/Antpool be huge than have everything concentrated in the US. The US government will have an interest in mining eventually regardless... and it's important 'unfriendly nations' have mining/blockspace access to keep the thing trustless.
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