A range of challenges will essentially drive some Bitcoin miners out of the market, according to
Stagnant Bitcoin prices, high power costs, persistent competition along with a preprogrammed event that cuts mining reward in half have compressed miners margins and prompted them to make their power-hungry operations more efficient, Thiel said during an interview on Bloomberg Television.
“The larger miners that have the most modern fleets, the best energy costs and the most efficient are going to thrive …
