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9 sats \ 4 replies \ @freetx 16h \ on: My Sazmining experience: a cautionary tale of mining expectations bitcoin_Mining
I think the future in mining is in offering ancillary services:
- AI hosting
- Powering remote cell phone towers / remote internet access
- Providing electricity to low-income villages
- Powering remote irrigation systems
That is, BTC mining would cover the cost, but ancillary services would be the profit
The future of mining is not mining lol
AI data centers do tax the grid more than bitcoin mining which relies on excess or stranded energy
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Mining is a tough business and I hope most of the public companies survive, i.e. Riot, Mara, Wulf, etc
Mining companies shutting down because of low or negative profits will be a terrible outcome.
Maybe instead of a bitcoin reserve, governments should provide subsidies or bailouts to large miners (I can't believe I proposed this)
update: Or the future of mining will be securitizing hashrate like BMN or Blockstream Mining Note (which is not available to USA investors)
what Rigly is doing is also a positive development (@evanbaer)
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Maybe instead of a bitcoin reserve, governments should provide subsidies or bailouts to large miners (I can't believe I proposed this)
Mining may morph into something we cant think of now.....like part of heating systems....part of solar roof panels....or just part of the infrastructure of large electricity generators to suck up excess demand
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