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Bitcoin is a Pioneer Species with Brandon Quittem (WiM161)
The "What is Money?" Show
Energy Buyer of Last Resort, Right?
There's always going to be some, i guess, flex capacity, or excess capacity, that will be sold to those buyers. The old miners are not efficient at all, but they're extremely cheap. And so what you'll see is the new gen miners, they'll go in there and they'll monotize. But then the old miners will come in, and those things, you keep em going as long as you possibly can.
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