The Migrating Bottleneck
Right now, compute is the constraint. But as the industry solves for hardware, the bottleneck won't disappear — it will move upstream to energy. The constraint always lives somewhere in the stack....
Right now, compute is the constraint. But as the industry solves for hardware, the bottleneck won't disappear — it will move upstream to energy. The constraint always lives somewhere in the stack....
What the Price of Electricity in Bitcoin Reveals About Energy, Compute, and Sound Money...