₿lack Swan
@blackswan.bsky.social
australian economics. minimalist. simplicity is the ultimate sophistication.
Reposted by ₿lack Swan
As mentioned earlier by @silverlining.bsky.social, bitcoin miners seek the cheapest cost for electricity since kWh is the most important operational cost after initial CAPEX. The incentive is to find cheap energy in a race to the bottom. bsky.app/profile/silv... 1/
Wanna start a solar farm? It costs $900 mill up front. Who’s gonna give it to you?
Alright fine what if you start it small? 10-15 solar panels. Now you’re not producing shit. Who’s gonna buy your power? How will you scale and be profitable?
Alright fine what if you start it small? 10-15 solar panels. Now you’re not producing shit. Who’s gonna buy your power? How will you scale and be profitable?
October 18, 2023 at 6:11 PM
As mentioned earlier by @silverlining.bsky.social, bitcoin miners seek the cheapest cost for electricity since kWh is the most important operational cost after initial CAPEX. The incentive is to find cheap energy in a race to the bottom. bsky.app/profile/silv... 1/
When you try to virtual signal by criticising a free and open, neutral monetary system. 🤦♂️
Bitcoin is not crypto.
Bitcoin is not crypto.
cryptocurrencies like Bitcoin, Ethereum, etc are ridiculous, and everyone who owns an NFT is an idiot.
October 12, 2023 at 10:13 PM
When you try to virtual signal by criticising a free and open, neutral monetary system. 🤦♂️
Bitcoin is not crypto.
Bitcoin is not crypto.
Undeniable proof that criminals use Bitcoin!
September 23, 2023 at 12:25 PM
Undeniable proof that criminals use Bitcoin!
This is why Satoshi invented Bitcoin.
I live in Argentina... a lot of transactions are mainly made using bitcoin and stablecoins. You don´t want pesos in your wallet when inflation hits 200% annually.
September 18, 2023 at 12:21 PM
This is why Satoshi invented Bitcoin.
Boats in the Port of Honfleur - Claude Monet, 1866
May 5, 2023 at 2:54 AM
Boats in the Port of Honfleur - Claude Monet, 1866
Found a cool cafe. Just need to convince them to accept ⚡️
April 28, 2023 at 11:26 PM
Found a cool cafe. Just need to convince them to accept ⚡️
Macquarie Harbour, Tasmania
April 11, 2023 at 6:12 AM
Macquarie Harbour, Tasmania
Hey @pfrazee.com, I think the ‘Following’ tab of the home page should be further broken down to posts / replies similar to some Nostr implementations:
April 10, 2023 at 8:43 PM
Hey @pfrazee.com, I think the ‘Following’ tab of the home page should be further broken down to posts / replies similar to some Nostr implementations:
Franklin-Gordon Wild Rivers National Park, Tasmania
April 10, 2023 at 7:08 AM
Franklin-Gordon Wild Rivers National Park, Tasmania
Russell Falls, Tasmania
April 9, 2023 at 11:52 AM
Russell Falls, Tasmania