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Have we considered sending in the bitcoin mining P/E firms? An opportunity for vertical integration.
by arcticbull 5y ago
Have we considered sending in the bitcoin mining P/E firms? An opportunity for vertical integration.
- reader_mode 5y agoBitcoin is way to volatile for that kind of a commitment - it's short term pump & dump I would say.
- kolinko 5y agoBitcoin miners already purchuased at least one coal plant.
- reader_mode 5y agoBuying a running or decommissioning coal plant is a short term play. Buying a coal mine is incredibly long/integrated.
- seriousquestion 5y agoBitcoin is 12 years old, and supposedly 60% is held by long term investors. https://blog.chainalysis.com/reports/bitcoin-market-data-exchanges-trading https://blog.chainalysis.com/reports/bitcoin-market-data-exc...
- ipaddr 5y agoAnd only 2 million coins are left.
- knownjorbist 5y agoTo be mined over the next 80 years, of course.
- randomhodler84 5y ago119y, estimated last coin circa 2140
- selfhoster11 5y agoEach of these can be subdivided to eight decimal places. Lots of room to accommodate transactions on the order of $$ to $$$ for a while.
- imtringued 5y agoOh yeah boys, let's enjoy our future income being less than past income!
- lostlogin 5y agoI’m pleasantly surprised this hasn’t happened after reading this recently: https://www.wsj.com/articles/bitcoin-miners-are-giving-new-life-to-old-fossil-fuel-power-plants-11621594803 https://www.wsj.com/articles/bitcoin-miners-are-giving-new-l...