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THE PETRODOLLAR GRAND FINALE | RABBIT HOLE RECAP #309

Rabbit Hole Recap

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Bitcoin Mining and AI Competition for Resources

The chapter explores the competition for energy and infrastructure resources between Bitcoin mining and AI compute, discussing the partnership between Core Scientific and CoreWeave to build out HPC infrastructure. It delves into the importance of owning infrastructure in the Bitcoin mining industry, contrasting with hosting miners, and talks about 'mullet data centers' blending AI and Bitcoin mining for efficient power use. The conversation also covers concerns about centralization in Bitcoin mining globally, the signaling effect of leaders supporting Bitcoin mining, and potential impacts of having all Bitcoin mined in the US.

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