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Michael Saylor: Bitcoin is Fire or Electricity

Coin Stories

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Bitcoin Mining

As you look out 20 years to 30 yars, you can expect that you'll have five to ten %, five to ten basis points, maybe five basis points, of transaction fees. And it's a market driven competition. It's the most vicious competition imaginable. People are competing to get zero cost energy in these mining rigs that are a hundred times more in the last one. They're going to be doing it with the next generation of shaw two tifty six mining rig,. which is going to be five or 50 times more efficient than the current gen ration and convert energy into tarrahashes. The miners will find the cheapest waste energy they can find, and they'll monot

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