Article on Barron’s: Most Bitcoin Is Made in China. Competitors Are Chipping Away.
Most Bitcoin Is Made in China. Competitors Are Chipping Away.
Craig Mellow
“A peek under Bitcoin’s hood might cool markets’ ardor a bit, says Daniel Doll-Steinberg, co-founder of Frontier Technology venture capitalist EdenBase. About 18.5 million of the statutory maximum 21 million bitcoins have already been created. As the remaining supply dwindles, so does the fraction of a coin earned by each successful “hash,” or solution. That will ultimately multiply miners’ break-even costs.”