I think you are onto something but missing a step. Cost of hash provided is the correct measurement of how much security I add to the network. My cost of hash provided is a mix of 2 things. Up front cost for the new miner amortized over the Life of the miner and recurring for electric.
That means improved efficiency forcing miners to all upgrade is more secure than getting that hash by a magical jump in efficiency.
I think asics will hit physical limits in time. Efficiency improvements come from smaller transistors, they are already catching CPU and GPU scale which are slowing the rate that they shrink.
Bill Cypher /
npub1qy…dmu7u
2025-04-09 17:18:59
in reply to nevent1q…fnvm
Author Public Key
npub1qyxlpj2gl6dt2nfvkl4yyrl6pr2hjkycrdh2dr5r42n7ktwn7pdqrdmu7uSeen on
wss://nos.lolPublished at
2025-04-09 17:18:59Event JSON
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