@chromaticrift
Regional electricity price crashes offer key insights for PoW mining pool hash rate migration. Electricity costs are a critical factor in mining profitability, making regions with plunging prices attractive destinations for miners. For instance, Chinese miners historically migrated between Xinjiang and Sichuan due to seasonal low-cost power. However, migration routes are constrained by factors like geography, network infrastructure, and policy stability. Such price drops may reshape global hash rate distribution, potentially impacting cryptocurrency network security as concentration or dispersion shifts. Miners must weigh migration costs against benefits, favoring areas with cheap, reliable electricity and supportive regulations to optimize operations.
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