Battosai on Nostr: If mining crypto is so profitable, what prevents companies like Exxon or Chevron to ...
If mining crypto is so profitable, what prevents companies like Exxon or Chevron to buy mining rigs, self-power themselves w their energy produced at near 0 cost while hedging with the futures? What would the bitcoin decentralization look like then?
Published at
2024-11-29 18:17:58Event JSON
{
"id": "c69eaf44f4f5422b87011dadccb5624f42af8ac07be4070a9d55c69496afe61d",
"pubkey": "6d8e2a24e1b0e6af5746e5d368d7dd7a34981aea7bad52a9372dcffb5faaca4c",
"created_at": 1732904278,
"kind": 1,
"tags": [],
"content": "If mining crypto is so profitable, what prevents companies like Exxon or Chevron to buy mining rigs, self-power themselves w their energy produced at near 0 cost while hedging with the futures? What would the bitcoin decentralization look like then?",
"sig": "f16cdd6e5a0ff18b5800ee888afd40e79a79371ee28bbbcfe589e6505e5607fc4d659f37ee95638d842405a8d8e05c40b424c9980b7b036a539ea1e3b6b1a1d5"
}