
Dr. Jan Wüstenfeld|11月 26, 2025 09:17
⛏️ Bitcoin mining has undergone a structural evolution since its inception.
In earlier periods, hashrate responded more strongly and more volatile to Bitcoin price shocks than it does today.
In our new research paper, @GeldnerTeo and I document this maturation over time. 📈 (Dr. Jan Wüstenfeld)
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