Rabbit Hole Recap #217: The Queen is dead and the Biden Administration hates mining
Rabbit Hole Recap
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The Incentives for Bicoin Mining Companies Are Different Than I Do
Large, regulated mining companies have a completely different set of incentive structure than i do. They can take out cheap debt for the capital intensive parts of bi coin mining. And then they can hedge their exposure to long turm bitcoin by using these these short products. I don't think those incentives are as strong as smaller mining operations that don't have to deal with s c rules.
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