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DATA: A 30% annual Bitcoin rally still loses money if hashrate rises 30% too. In this wind-powered mining model, matching BTC and hashrate growth leaves a six-year NPV of -€10.1M. Profit only appears when Bitcoin meaningfully outruns network competition. https://(cryptoslate.com)/even-if-bitcoin-rises-30-a-year-this-renewable-mining-model-still-loses-money-as-hashrate-keeps-pace/