As Bitcoin mining becomes less profitable, energy companies spot opportunity

[Redaktion]

Instead of just providing the electricity and services needed or crypto mining data centers, energy companies are increasingly starting to mine for Bitcoins themselves. Thanks to the economies of scale they achieve by eschewing third-party operators, they can go up to the 90% margins enjoyed by Bitcoin miners in the crypto heyday of 2021.  

https://www.notebookcheck.net/As-Bitcoin-mining-becomes-less-profitable-energy-companies-spot-opportunity.609272.0.html

[vertigo]

So they're saying if you pay for electricity as a service from them, it could take 2-3 weeks to get a transformer repaired to get back the service you're paying for, but when they're doing it themselves, they make sure repairs are done right away. Nice, awesome business strategy. And they talk about a "carbon-free future" and have investors like Gwyneth Paltrow who, I assume, is against climate change, but spend significant amounts of energy mining. No hypocrisy there.

[SARAHJOSEY]

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