Mining stocks are a terrible BTC proxy
The mining business is extremely difficult, risky and competitive
Hodling BTC is the opposite of this
Discussion
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Suits love to diversify their portfolio.
So glad I dumped everything for pure btc
Yeah and if you are actively supporting the centralization of big mining operations you should prolly take a chill pill and boof some Diet Coke
💩 Oh no... remember me some well-known nonsense advice about not investing in #Bitcoin. I need to add this one to this list:
- 🆕️: Bitcoin miners are too volatile
- Bitcoin is too volatile.
- Investing in Bitcoin is like gambling.
- 🆕️: Investing in Bitcoin miners is too risky and difficult 🤣
- There's no intrinsic value behind Bitcoin.
- It's only used for illegal activities.
- Bitcoin will never replace fiat money.
- Regulators will eventually shut down Bitcoin.
- Bitcoin has already reached its peak.
- Investors have nothing to gain from Bitcoin.
- It's just a fad that will soon fade away.
If you were capable of reading you would see I said that they're not a proxy for Bitcoin, pointing out it's fundamentally a different investment than buying BTC
Well done though, big brain guy
BS. Using Bitcoin miners can serve as an effective proxy for gaining exposure to Bitcoin with a big LEVERAGE. By understanding the optimal timing of your entrance, you can potentially harness the potential benefits associated with mining operations. If you are not a trader shut up and don't write bullshit 🐽🤬
People should do something good with mining / heating / load balancing locally to bring the bank home.
Sovereign electricity generation on a DC microgrid would create overcapacity in generation only profitable with bitcoin.
Building new vertically integrated DC microgrids are super interesting reduction waste wise. You could use significantly less materials to feed every machine you use ass we would remove all conversion transformers. Think of screens, computers, phones, lights, most home appliances. Many things would be just running from a USBC outlet that fed through a cheaper thin cable.
The heat should be used for the broader community FE:
Bitcoin bath houses
Greenhouses for tropical fruit throughout the year
Drying stuff
Heating local businesses / housing
Boiling stuff
A start point could also be a reduction of waste:
- Methane from manure / landfill or local oil patch. But always try to repurpose the heat too.
- excess electricity optimizing grid infrastructure
We should try to find locations locally and invest around your physical self.
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Since this note was posted:
#BTC increased by approximately 65.5%.
#BITF increased by approximately 153%.
FOLLOW IGNORANT AND STAY POOR