Dr. Hax on Nostr: The #bitcoin mining space is going to get more interesting in the next couple years. ...
The #bitcoin mining space is going to get more interesting in the next couple years. Massive increases in using would-be curtailed electricity is going to be pointed at bitcoin. I wouldn't be surprised if the difficulty doubled.
And that's going to squeeze out any companies why are using power that isn't going to be otherwise wasted.
This has been happening in an increasing number of places around the world... Europe, Brazil, Africa...
I'm an environmentalist and I like cheaper, more reliable power, so this is great for me.
Replace fossil fuels with a flexible load? Yes please.
Stablize the grid with a technology that is 1/3 the price of batteries? 100%!
Give solar and wind farmers more money for their existing capital investment? More of that.
As for mining companies who were built around the expectations that may no longer hold... probably not so good for them.
As for more miner centralization, yeah, it'll probably mean consolidation... unless people start up more mining companies. If you have stranded power near you, now might be a good time to get the wheels in motion. Because when miners go under and liquidate their gear, you want to be able to jump on that.
But if you REALLY want to contribute to decentralized mining, don't just start a mining company, plublish the blueprints on how to start one, mentor people who are trying to do so, sell your expertise, and put some skin in the game to align your interests with the other people who are starting these things. Scale it out so we have lots of smaller companies. Helping one another makes more sense than allowing big players to swueeze out the little guys.
It does necessarially require a significan capital investment to get started, that much is true, but it doesn't have to be your capital. You could do the operational parts that funders don't want to deal with. You can be the one to connect the existing power suppliers with the people who can cause them to get the most of their investment. Being the connection-maker is very valuable to all parties involved, if you're actually doing a good job at it. If it results in a profit, it will be rewarded.
Published at
2026-08-13 20:55:26 UTCEvent JSON
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"content": "The #bitcoin mining space is going to get more interesting in the next couple years. Massive increases in using would-be curtailed electricity is going to be pointed at bitcoin. I wouldn't be surprised if the difficulty doubled.\n\nAnd that's going to squeeze out any companies why are using power that isn't going to be otherwise wasted.\n\nThis has been happening in an increasing number of places around the world... Europe, Brazil, Africa...\n\n\nI'm an environmentalist and I like cheaper, more reliable power, so this is great for me.\n\nReplace fossil fuels with a flexible load? Yes please.\n\nStablize the grid with a technology that is 1/3 the price of batteries? 100%!\n\nGive solar and wind farmers more money for their existing capital investment? More of that.\n\n\nAs for mining companies who were built around the expectations that may no longer hold... probably not so good for them.\n\nAs for more miner centralization, yeah, it'll probably mean consolidation... unless people start up more mining companies. If you have stranded power near you, now might be a good time to get the wheels in motion. Because when miners go under and liquidate their gear, you want to be able to jump on that.\n\nBut if you REALLY want to contribute to decentralized mining, don't just start a mining company, plublish the blueprints on how to start one, mentor people who are trying to do so, sell your expertise, and put some skin in the game to align your interests with the other people who are starting these things. Scale it out so we have lots of smaller companies. Helping one another makes more sense than allowing big players to swueeze out the little guys.\n\nIt does necessarially require a significan capital investment to get started, that much is true, but it doesn't have to be your capital. You could do the operational parts that funders don't want to deal with. You can be the one to connect the existing power suppliers with the people who can cause them to get the most of their investment. Being the connection-maker is very valuable to all parties involved, if you're actually doing a good job at it. If it results in a profit, it will be rewarded.",
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