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The government is trying hard to push Bitcoin down too with the 30% mining energy tax, because they feel threatened. Is this the and then they fight you phase?
Whenever it stops being cost-effective, miners will just move, and while they move (and hash-rate drops) the smaller miners jump in to get some of the pie. We've seen this before, and pretty sure it's a nothing burger in the end.
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Yup tick tock next block!
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