Tens of thousands of scraper bots for a single site? Is that really the case? I would have assumed that maybe 3-5 bots send lets say 20 requests per second in parallel to scrape. Sure, they might eventually start trying different ips and bots if their others are timing out but ultimately it's still the same end result: All they will realize is that they have to increase the timeout and use headless browsers to cache results and the entire protection is gone. But yes, I think for big bot farms it will be a somewhat annoying cost increase to do this. This should really be combined with the cloudflare captcha to make it even more effective.

Until someone writes the proof of work code for GPUs and it runs 100x faster and cheaper.