> you can outspend on energy until they surrender If you have unlimited money then yes. If you devalue your money every time you try to outspend more then no,

> you can outspend on energy until they surrender If you have unlimited money then yes. If you devalue your money every time you try to outspend more then no, since you're actually bleeding money. You cannot simply throw more money at mining, the difficulty adjustment would destroy you very soon.