Capital expenditure and electricity use peak with more efficient mining, Saifedean Ammous notes

Capital expenditure and electricity use peak with more efficient mining, Saifedean Ammous notes
Mining capex and energy peak, hashrate up

Saifedean Ammous, author / academic at Self-employed, suggests that while the general sentiment around mining is understandable, it is the capital expenditure and electricity consumption in mining that have peaked.

He states that hashrate is likely to continue growing as miners adopt more efficient technologies.

Ammous has previously highlighted bitcoin’s performance relative to fixed income assets, noting that bitcoin would have outperformed long-term U.S. Treasuries over the past 15 years. He has also commented on macroeconomic pressures, observing that the 10-year Treasury yield is approaching a 19-year high as U.S. debt to GDP has doubled since 2007. His recent remarks on mining add to a series of posts analyzing financial markets and asset performance.

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