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CD23: the state of bitcoin with @gladstein, @dergigi, and @croesus_btc

Citadel Dispatch

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The Largest Input Cost to Mining Is Energy, Right?

Mining is especially profitable because of a chip shortage. And so there's this lag between Bitcoin's price action and the ability of miners to spin up additional hardware. So we're going to see mining over time, shifting to energy sources that have no other use case or can be bought for purchased by miners for next to nothing.

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