Bitcoin mining company Terawulf announced that it has launched the United States' first nuclear-powered bitcoin mining facility at its Nautilus facility in Pennsylvania. According to the company, about 1 exahash per second (EH/s) or about 8,000 bitcoin miners with integrated circuits are now connected to the network, and another 8,000 miners will be delivered shortly.According to the company's press release on the Nautilus energization, Terawulf will receive a flat electricity rate of about $0.02 per kilowatt-hour (kWh) for the next five years.
The Nautilus facility is considered a milestone because it is the first bitcoin mining facility of its kind to receive 24/7 carbon-free power from Pennsylvania's 2.5 GW Susquehanna nuclear power plant.
Seven days ago, Mawson Infrastructure Group launched a mining company in Pennsylvania, after exiting Australia. In addition to the 50-MW Nautilus facility, Terawulf announced that it is expanding operations at its Lake Mariner facility in New York. This move will increase Lake Mariner's capacity from 60 MW to 110 MW.
Right before our eyes, the ultimate centralization of mining is happening in the US, which has already captured the lion's share of the world's hashrate. And the problem here is not only that the main mining pools are located in one country. A couple of years ago, the lion's share of mining pools was in China. The problem is exactly that there are no pools at all in the US.
Everybody used to worry about infestation of Chinese pools in bitcoin network, but most of Chinese pools were joined by miners from any part of the world, and there was only one purely Chinese pool. All the others were open to miners from any country. Now in the U.S. there is a mega concentration of miners in individual companies, without the ability to connect to their pools of third-party players.
Moreover, such collusion of large energy companies and nuclear power plants, belonging by a strange coincidence to the investment division of Goldman Sachs bank, raises suspicion that the most active in the cryptosphere bank wants to concentrate in its hands almost all bitcoin mining on the planet.
Thus, for example the CSO (Chief Strategy Officer) of the largest atomic miner in the USA was Kerri Langlais (https://investors.terawulf.com/governance/board-of-directors/person-details/default.aspx?ItemId=d5a6c25e-851c-4f78-b262-89d8fce4f070) and the company easily attracted the funding for the purchase of those 8000 miners. Again, by a strange coincidence, the previous 10 years Kerri had worked where would you think? You'd never guess: the Investment Banking Division at Goldman Sachs.
What's interesting is that the second centralized mining company that announced (https://news.bitcoin.com/mawson-infrastructure-group-launches-bitcoin-mining-operation-in-pennsylvania-exits-australia/) the use of nuclear power for bitcoin mining, Mawson Infrastructure Group, coincidentally has in its shareholders (https://www.wallstreetzen.com/stocks/us/nasdaq/migi/ownership) another great American bank noticed in interest in bitcoin projects, Morgan Stanley.
All in all, the genius decentralized Bitcoin project invented by Satoshi Nakamoto is becoming increasingly centralized, both in terms of owners of large wallets and bitcoin amounts, and in terms of capturing mining capacity. These worthy people with a strong interest in the asset, the world's big banks, are the shareholders of the Fed. And it is these people who forbid us (picking our nose) to own cryptocurrency.