Dmitriysz

Tesla is to cars what Apple was to cellphones.

Shockes me how they're so many dense comments here just because people personally dislike Elon.

Too many people have opinions on what a money is, and not enough people understand what a money is

This makes sense. In the earlier days of bitcoin we’ve seen substantial improvements in mining every 3-6 months.

We’re talking about significant 100x-1,000x improvements in efficiency and profitability.

To stay competitive, these improvements in efficiency made it necessary for miners to upgrade mining equipment every 3-6 months.

Because of its closeness to silicon fabrication and cheap energy, China emerged as the de facto place to set up these mining farms. Those previous 100x-1,000x improvements are no longer possible.

The development of mining hardware caught up with Moore’s law.

This is the observation that transistors in a dense integrated circuit doubles about every two years.

It would be fair to assume ~2x improvements in mining every ~2 years.

This would mean that mining equipment would now have a longer shelf life, and no longer be obsolete in a few months.

FED: The risk of inflation is low CPI rises 5% yoy FED: inflation is transitory CPI only rises 4% next time FED: see, we told you

"o&o shutup10 and "w10 privacy" are on the top of my list of things to install when setting up a new windows machine

RIP legend