n01ze

[Daniel Batten @DSBatten]

Nonsense

It's the other way around: the evidence tells us that AI is dependent upon Bitcoin for its expansion

For example, bitcoin mining can be used alongside AI for strategic advantages including
- monetizing energy during AI datacenter construction
- using forward-purchased energy that would otherwise be wasted
- smoothing demand patterns of AI load and recategorizing AI datacenters as FLC (flexible load consumers) source: https://t.co/8JEtZuLwiu.

As FLC, AI datacenters become far more likely to win contracts with grid operators, and help grid operators delay infrastructure investment costs that AI would otherwise necessitate (source: https://t.co/7pkhgwgDqK)

As for the profitability of mining, this lacks nuance (to say the least). Here's why

1. In places such as Europe, where electricity prices are high, mining still exists because often miners view heat recycling as the primary revenue, SATS as the byproduct

2. Bitcoin mining companies increasingly buy generation assets, allowing them to mine for zero marginal cost

3. Bitcoin mining companies can use older mining rigs on intermittent power sources, getting a very cheap rate.

4. Stranded energy such as O&G and landfills provides the chance to mine at ~1c/kWh in return for higher upfront CAPEX

5. Demand response, FCAS, RECS, carbon credits all provide ancillary revenue sources that aren't factored into general "mining is unprofitable below level-x" pronouncements

6. Prices can and often do go negative where there are renewable electricity surpluses, despite the general wholesale price of electricity (Again, a suitable source for older mining rigs)

[n01ze @n01zec]

@mineshop_eu Oh my god, that’s a funky shit!

[Mineshop.eu @mineshop_eu]

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[Cashu @CashuBTC]

Millions trust Signal to keep their conversations private. The same should be true for payments.

Signal deserves a payment experience that’s just as private and instant. Powered by Bitcoin – the native currency of the internet. So we built it.

👉 https://t.co/IBbWOIjqmb

[n01ze @n01zec]

@Laurastacksats Amen

[African Bitcoiners ⚡ @afribitcoiners]

☀️Why save in Bitcoin?
Because your bank closes on weekends.
Bitcoin doesn’t.

[Daniel Batten @DSBatten]

Misleading statistic because much of Bitcoin's energy usage is often from stranded, wasted sources that others cannot utilize. It has also been shown in 20 peer reviewed papers and 7 independent studies to stabilize and decarbonize grids, mitigate methane and lower electricity prices and is 52.4% sustainably powered (unlike the much lower sustainable power mix of the banking industry, and gold mining - which Bitcoin provides viable and technologically superior alternatives to)
source: https://t.co/Tdq6i0kBY3
Contrary to the implications of this tweet, Bitcoin has 19 well documented usecases that create value to society.
source: https://t.co/WAxnGEmcku

Important context: Bitcoin threatens IMF with disintermediation in 5 ways which I have categories previously here --> https://t.co/G409u9fmAn
and IMF has a reputation for openly opposing Bitcoin, repeatedly citing "concerns" that have consistently failed to materialize. (source: https://t.co/EmWEe1DdsD)
Its perspective on Bitcoin is neither neutral nor objective.

[Parker Lewis @parkeralewis]

https://t.co/Z8rhwXclHO

[Trending Bitcoin @TrendingBitcoin]

Next time someone says, "#Bitcoin is just a bubble", show them this ���

[n01ze @n01zec]

@mineshop_eu @canaanio @Realminingnow Funky shit!

[Mineshop.eu @mineshop_eu]

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[n01ze @n01zec]

@turtlecute33 A Linux device have a larger attack surface, even if airgapped. Keep it hardened could be hard for many. But I agree with you.

[n01ze @n01zec]

@AshToHashes @skot9000

[AshToHashes 🪢⛏⚡️ @AshToHashes]

The Italian community is here! #Bitaxe Founder Edition is complete! Thanks #OSMU for everything! We will donate satoshis for every unit assembled and sold! Closed Source is Antithetical to Bitcoin, so let’s make our Altar/Stand open source too! #Bitcoin

[smartmouse @smartmouse_]

Chiunque dovrebbe avere un Bitaxe a casa!

Foto prese dal gruppo https://t.co/bq6Pfgkh8K

[n01ze @n01zec]

@mineshop_eu Let’s go!

[Mineshop.eu @mineshop_eu]

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We are giving away 1.2TH/s #Bitaxe Gamma home #Bitcoin miner!
To participate:
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[n01ze @n01zec]

@PlebSource Me

[n01ze @n01zec]

@PowerMiningFarm Massive!