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Bitcoin's Incentivizing Cheap Energy
It's a race to the bottom. Even if you're located in, I'm not even taking a shot or a jab at a specific miner. It's just a reality that hash rate is going up forever and this fly-ish means it's going down. And so on a long timeframe, like cyclically, these things will outperform Bitcoin by 5x, 10x during 3, 6 years. That's the signal. But I think the miners are interesting. I'll probably scoop some up in the next year or so maybe after the halving as a trade.