people with cheap electricity profit the most. (unless by elite you just mean best/most efficient not necessarily the largest) large miners can better deal with variance in reward time
Speaking 2 efficiency of Capitalist miners who have access to best electricity rates. Luv to hear your & others opinion on this vid from where I side with.
Really its about converting fiat to crypto efficiently. Could do this at the market (paying a premium at $6.5k) or could mine (more variables but reduced rate ($1-4k/BTC)
Miners might operate at a short term loss now with the expectation of a price rise & their operation will be set up for future profit
I agree with this too. I would add places with free cooling can also boost efficiency (like heating homes in the far north with miners). Have to also consider expected future value
