I'm watching next time there is major tariff mention on social media/elsewhere, hint of any tension... if market reacts, bitcoin will follow and seems to lag market (briefly), I expect this to be a repeating pattern with how the market is reacting. I haven't looked at mining stocks for easier version of a short, but I heard people trading crypto on leverage got wrecked when they were on the wrong side. https://finance.yahoo.com/news/trader-made-160-million-shorting-183109978.html Pro Crypto/BTC people, I'm not saying it's crashing or whatever so don't worry ... I just like playing quick positions (especially on stock options). I don't need a long term window when I can quickly flip 30-100%+ with how fast things are moving. With that said I don't know if I'd double down if I got that payout, hahah
that’s an interesting thought. There is a group who have garnered a large amount of wealth who then have had the opportunity to then leverage that newly “acquired” wealth into other technology related avenues- who then again invested in similar technology related platforms, who then invested in other similarly related technology parallels. Round and round we go, it seems.
This what I've been saying. Bitcoin mining allows new and larger energy sources to be harvested. Bitcoin mining's flexibility and responsiveness allows that energy to be put to use where and when the demand appears for whatever reason (in this case AI). Bitcoin is the key to growing and stabilizing the energy grid across the world.
sorry, there was a article from Yahoo finance last night which I thought the video was about. My takeaway was that bitcoin was at risk because the large miners were going to become more profitable AI data centers. https://finance.yahoo.com/news/bitc...vot-to-ai-sends-stocks-soaring-150018229.html
Mining and Ai compute are two different things that require different hardware. It's not as simple as just "stop mining btc and start producing Ai cat pictures". The point is that the mining operation enables the energy production that is needed for Ai to work at scale. Often times miners themselves are in the energy infrastructure business (vertical integration), so when bitcoin price or energy supply dips or Ai demand spikes, they can pivot and stay profitable.
Just don't use yahoo as a new source. Yes, big miners have been switching over to data centers for awhile now. Its been posted here a few times. Imagine if these bitcoin mining companies didn't jump start the energy generation businesses. Current AI data centers are chasing electrons: There is simply not enough energy generation for AI chipset demand. Poor energy policies, especially in California and New York, have had negative effects to our country. AI data centers will pay a premium for electrons. Bitcoin can't. Bitcoin miners are chasing silicon: Cheap and abundant energy sources are less of a problem for bitcoin miners but the supply/demand curve for silicone is a bigger problem for miners. Bitcoin miners can not afford to pay premium prices for the mining equipment. Bitcoin miners can go almost anywhere in the world. AI datacenters at stuck at whatever location they choose.
@RC Cola I figured this would be of interest to you because I believe it's one of the key criticisms you had, re: Bitcoin's primary operating software being run/maintained by just a handful of people (i.e. Core). Core pushed out a busted version of their node software without proper consensus (due to corruption and cronyism within the dev team) and they're now losing market share rapidly.
