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The Bitcoin Battles

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Objectif millionnaire : passer de 0 à un patrimoine de 30 millions et plus

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Added 2 years ago by admin

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In rural Rockdale, Texas, two of the biggest names in bitcoin mining are battling it out for market share and cheap electricity. The rivals are next-door neighbors in the town of 5,600. Bitdeer, a firm spun off from Chinese bitcoin mining giant Bitmain, is just down the road from Riot Blockchain ($RIOT@US), one of the biggest publicly-traded mining companies in the U.S. Both are tenants of property once occupied by aluminum maker Alcoa ($AA@US). Riot’s Whinstone mine is run by a team that thrives on transparency and throws open its doors to the media on a daily basis. Bitdeer is aloof, steeped in mystery, and is not known to welcome visitors. While part of Rockdale is classic rural America, it also offers crypto-friendly politicians, large swaths of land, previously-abandoned industrial infrastructure, and the ability to plug into Texas’ power grid. The Electric Reliability Council of Texas (ERCOT) is the non-profit that operates the Texas grid, which is deregulated and customers can choose between providers. Because miners at scale compete in a low-margin industry where energy is the main variable cost, there is reason to migrate to the world’s cheapest sources of power. Competition among power providers in Texas is good for miners and often translates to lower rates.

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