Agree.
Companies like CleanSpark were more successful last cycle because they built infrastructure during the boom and bought cheap mining rigs during the bear.
Next cycle miners will diversify by acquiring and building power infrastructure during the boom and then stack cheap ASICs during the bear.
3cap / Joe Burnett
npub1z5…zmqhw
2023-03-08 22:27:49
in reply to nevent1q…60my
Author Public Key
npub1z5ds93lv6uky7n4676txw7aqp9qdcyhs00qdsmy96s4k6qd8rvaqnzmqhwPublished at
2023-03-08 22:27:49Event JSON
{
"id": "8016cebefb08a05bdf5512dbc8e6925b1462b0b2eac7f523569e76065b78712e",
"pubkey": "151b02c7ecd72c4f4ebaf696677ba00940dc12f07bc0d86c85d42b6d01a71b3a",
"created_at": 1678314469,
"kind": 1,
"tags": [
[
"e",
"45569dc39d3c9adb80b6450a3a1a772d69ba580fdffdc1226fc4255d6a9ebbda"
],
[
"e",
"570bfd3d4a96d61f2bb2d8aa44e808dcd2250d1ec1eb08a370e5e52cab533999"
],
[
"p",
"3a798cb5a1b096cd0f8d1ffd93fafe306d88b273159c6ab183fdce844c5ffb55"
]
],
"content": "Agree.\n\nCompanies like CleanSpark were more successful last cycle because they built infrastructure during the boom and bought cheap mining rigs during the bear.\n\nNext cycle miners will diversify by acquiring and building power infrastructure during the boom and then stack cheap ASICs during the bear.",
"sig": "74923fc9cee7d312c593ee965d80cb91c8eeaf65435696cd744cfafa2d651bd9a91f212e977e62cf4195013ae2d96f243208bd8ed3f7fdf03732a0b687de5749"
}