Fair enough
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BTW, there's a reason less than 2% run protocols in which miners, not pools, decide which transactions get added to the blockchain.
The Controllers kind of have the miners by the balls.
Steering can come from:
- Energy & permitting (Power contracts, Carbon accounting credits, Zoning / environmental sign-off),
- Banking access, Insurance, Capex financing,
- ASIC supply choke: export licenses/customs enforcement prioritize shipments to "certified" operators,
- Relay & mempool policy,
- Safe-harbor statutes (if you run a certified policy client, you're presumed compliant. If you don't, you own the legal risk),
- Reporting/KYC on pool payouts: force miners into KYC'd payout rails; non-KYC payouts trigger Suspicious Activity Reports and audits,
- Tax policy: extra depreciation/credits for compliant miners; audits for the rest.
And these are just a few of the choke-points.
So Bitcoin mining is a tough gig.