The 2036 Issue: Here Come The Sovereigns
mining
Sovereign states are preparing to scale up Bitcoin mining operations, bringing state-backed capital, energy policy control, and regulatory power into the hash rate market. This trend risks increasing geographic and political concentration of mining, raising censorship and seizure vectors for transactions and private miners while also potentially improving infrastructure and grid integration. Monitor national energy policies, state-owned pool formation, and export controls as key indicators of shifting miner decentralization and Bitcoin security.
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