Oddbean new post about login | logout Are you saying you doubt ideologues in bitcoin aren't willing to pay a marginal difference for what they believe in?
I'm saying that the portion of hashrate that chooses ideology over profit maximization will be quite small and I'm skeptical it's a sustainable business model in such a highly competitive space.
I think they're competing at a kWh/hash cost basis that is not marginally different but greatly different depending on which grid they're on. Marginal differences in efficiency aren't going to make a dent I believe. Miners that are struggling over fees being too low aren't going to make it after 840,000, don't you think?