Bitcoin Mining Author || Energy Abundance || AI Builder || Dad Thoughts ||
Colorado, USA
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decentralize mining
Is OCEAN on the right course to decentralize Bitcoin mining?
As OCEAN's new CMO, I sat down with ₿trust's Abubakar @ihate1999 to discuss our mission, miner sovereignty, and the future of decentralized mining.
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AI is speedrunning bitcoin mining innovation.
They've already caught up to @SGBarbour with the AI version of the hash hut.
A brief stint in immersion mining, followed by hydro cooling comes next I suppose?
AI Company: Takes to long to get compute online
NVIDIA: Hold my beer, here you go, DSX POD.
This is a big deal, when building out compute right now, the costs are astronomical, $50bn for a 1GW compute cluster.
But the opportunity costs are even higher, that 1GW cluster is set to generate $40bn a year in revenues.
If you are delayed or it takes just 3 months to get operational, you're currently missing out on $10bn in lost revenue opportunity.
NVIDIA is trying to solve this, by creating these super computers that are packaged into a 40 foot container.
It comes self-contained with closed-loop cooling running on "warm" water (45 celcius) and evaporators on top that does not expel the water from the loop.
saving 100% of water needs.
Yes and No these won't run GTA6, I'm sorry.
But they do boil eggs if you ask nicely.
To quote my friend @twominutepapers
— What a time to be alive!!
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Rob Warren retweeted
Same misallocation of capital as we witnessed in Bitcoin mining, except on steroids.
Any day now Blockstream will be issuing Liquid tokens for trading pallets of unused GPUs..
Business Insider confirms it: Amazon has warehouses of GPUs that can’t be installed, and is buying them so far in advance that a supply chain team said they “didn’t have a clear forecasted path” to installing them.
businessinsider.com/amazon-2…
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Please do some BASIC investigatory work and understand what ‘accounting charges’ refers to….
Over 70 billion of their reported losses are paper losses tied to convertible notes. They are not hemorrhaging cash, they are repricing SAFE agreements.
I still think there is an inflating bubble in AI, but the reported 80 billion in losses is not the pin.
ANTHROPIC'S DRAFT IPO FILING
• Revenue: $16.3B in the first half of 2026
• Net loss: $80.7B, driven largely by accounting charges
• Compute spending: nearly $9B in the first half
• Cloud commitments: about $450B over the next 7 to 10 years, including $111B with Google and $31B with Microsoft
• Nvidia: up to $86B on renting Nvidia chips
• Future compute: signaled it could spend $750B on more computing capacity in the coming years
• Supply: says cloud partners are unwilling to sell it all the compute it needs
Per WSJ, citing a draft S-1
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The thing critics claimed Bitcoin mining would do is actually what AI does.
Two totally different types of energy consumers.
Not that one is de facto 'bad' or 'good'... but there are consequences to not understanding what kinds of loads you allow on your grid.
The answer, as always, is MORE POWER!
US electricity prices are skyrocketing.
The average price of US residential electricity has risen +11% since January 2025, to 19.6 cents per kilowatt-hour in August 2026, near an all-time high.
Average prices during the first 8 months of 2026 were +40% higher than in the same period of 2019.
The largest increase in residential electricity prices over this period was in Maine, at +90%, followed by California and New York, at nearly +70%.
This comes as the AI boom is intensifying electricity demand, with data centers requiring enormous amounts of electricity to power thousands of chips and cooling systems.
A 1-gigawatt data center can consume as much electricity as 800,000 homes.
As a result, wholesale electricity prices in areas near significant data center activity surged by as much as +267% between 2020 and 2025.
The AI revolution is driving a surge in electricity demand, and households are increasingly feeling the cost.
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Why do all of the zoomers in this coffeeshop look substantially older than me? (I’m a millennial)
Vintage 1980s styled clothes, losing their hair. I seriously feel like I dropped into a lost episode of Seinfeld with more stick and poke tattoos.
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Toddler is going crazy this morning using the ‘more’ baby sign 👉👈.
It’s like one of those rats with a button getting cocaine experiments but I’m feeding her toaster waffles until she gets distracted and wanders off.
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This argument is an extension of the Stock to flow model. However, the stock to flow model doesn’t work over the long term in bitcoin!
Why?
Because issuance is time constrained not production constrained. Regardless of how much production (mining) you have, you will always issue bitcoin ~every ten minutes.
Furthermore, more than 95% of all bitcoin has been mined With only the last 5% to fight over. It is the existing 95% that drives price, and that 95% moves based on market demand, not mining!
I was fascinated by a recent paper from Charles Schwab Corporation, which I posted about a few days ago (attached). Their analysts use Bitcoin’s production cost as one way to estimate its “fair price.”
But today, I came across this quote from Satoshi Nakamoto, and my jaw dropped.
“The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.” - Satoshi Nakamoto
Think about that for a moment.
Satoshi wasn't just creating a new form of money. He was describing the economic relationship between Bitcoin's price, mining profitability, production and difficulty adjustment.
I have no idea whether Charles Schwab's analysts were familiar with this quote or whether it influenced their research. I'm not suggesting they based their work on Satoshi's words.
But seeing this same economic concept discussed by Satoshi and now explored by a major financial institution is FASCINATING.
Credit where it's due. Respect to Satoshi Nakamoto, and to the Charles Schwab team for exploring Bitcoin's production cost as a valuation tool. 👏
@jimferraioli
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Bitcoin mining is actually extremely decentralized and there’s almost no risk of censorship or malicious block reorgs.
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Test your bitcoin mining knowledge.
True or False?
“… a “proof-of-work” is an abstract way of describing a real-world physical thing, which means that “proofs of work” inherit all the physical and systemic properties of physical power which are physically impossible for software to replicate…”
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Rob Warren retweeted
I've explained to a lot of folks how BTC miner capitulation into AI compute is benefiting those sticking to Bitcoin mining long-term
Quick comparison of a chart from @TheEnergyMag to Bitcoin's network hashrate (MA) in the first two quarters of 2026.
Very interested to see where this goes into 2027.
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Rob Warren retweeted
As a reminder for the back of the class, a proof-of-work is a RECEIPT for work done. It inherits NONE of the properties of the work itself.
Lowery is arguing that the receipt for the Lamborghini lets you drive 200MPH.
This is his whole argument and it is nonsensical.
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As a reminder for the back of the class, a proof-of-work is a RECEIPT for work done. It inherits NONE of the properties of the work itself.
Lowery is arguing that the receipt for the Lamborghini lets you drive 200MPH.
This is his whole argument and it is nonsensical.
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All we have to do, per Lowery, is apply boolean logic to power... Can anyone, more versed than me in computer science or electrical engineering, explain what the heck that means empirically?
The strongest argument against the 'Softwar' thesis is this :43 second clip of Jason Lowery confidently butchering how Bitcoin mining (and the grid) works.
Can someone honestly explain to me how Bitcoin applies boolean logic to power and converts watts into bits?
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Rob Warren retweeted
I told my wife, who works in the mental health profession, that there's all these people who believe AI models can feel pain.
She immediately responded with
"are these people who struggle to identify their own emotions?"
I think she hit it with one shot
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You guys know this is the Tower of Babel story, right?
NEW: According to a bombshell report in the New York Times, Anthropic co-founder Chris Olah threatened to walk out of Pope Leo XIV’s AI encyclical launch in May because the pope rejected the idea that machines can be conscious.
Olah’s team then privately lobbied the pope’s advisers “to take the possibility of model consciousness seriously.” Pope Leo XIV held firm.
For months, Anthropic has wined and dined theologians and religious scholars under nondisclosure agreements, hoping they would bless the idea that Claude has moral standing. thelettersfromleo.com/p/nyt-…
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