CEO Bit digital20 Oct 2025 12:51
interestingly said this a month ago - quote
“a few years went by and we realized — and i think the other miners are finally realizing this, that that is a very ****ty business,” he says.
tabar says the block reward halving last year “was a disaster” and predicts the next halving in two and a half years’ time (april 2028) will be the death knell for many of the remaining miners, as it will halve their revenue once again. as the bitcoin price nears $250,000, tabar believes sovereign nations will move in to “mine bitcoin…at scale to put on their balance sheets.
“it doesn’t cost them anything to mine bitcoin because they have free access to power, unlike bitcoin miners.”
about half of the countries worldwide have government-owned electricity generation assets, and the numbers are even higher among the top electricity producing nations, including china, india, russia and brazil.
the governments of two small nations are leading the way in mining bitcoin.
bhutan has leveraged its abundant hydroelectric resources to mine $1.4 billion worth of bitcoin to date, while ethiopia now accounts for about 5% of the global bitcoin hashrate, thanks mainly to the government-owned ethiopia electric power.