Not necessarily. It's true if the person making the decision is getting paid directly from the mining. But perverse incentives abound in the cryptocurrency spac

Not necessarily. It's true if the person making the decision is getting paid directly from the mining. But perverse incentives abound in the cryptocurrency space. For example, consider Celsius: https://amycastor.com/2022/09/11/crypto-collapse-celsius-voyager-skybridge-the-liabilities-are-real-the-assets-are-fake/ https://amycastor.com/2022/09/11/crypto-collapse-celsius-voy... https://davidgerard.co.uk/blockchain/2022/08/11/crypto-collapse-coinbases-billion-dollar-bloodbath-hodlnaut-goes-down-celsius-voyager-3ac/ https://davidgerard.co.uk/blockchain/2022/08/11/crypto-colla... As they thrash around in bankruptcy, they have proposed that they will mine their way out of the hole. Will this work? I doubt it. But will it let the CEO stay in charge for a while longer, taking in more investor money and continuing to get paid? Possibly! So actual economic efficiency may not matter.