Oddbean

Cathedra Bitcoin Shifts Focus from Mining to Bitcoin Acquisition Strategy "The last three years have demonstrated to us that Bitcoin mining is not a reliable way to grow shareholders’ bitcoin per share. Indeed, nine of the ten largest (by market capitalization) publicly listed Bitcoin mining companies hold less bitcoin per share today than they did three years ago." https://www.nobsbitcoin.com/cathedra-bitcoin-shifts-focus-from-mining-to-bitcoin-acquisition-strategy-2/

The fact that most mining organizations aren't on a #bitcoin standard really tells you all you need to know about the industry. If they aren't holding bitcoin as their primary asset, they are carpetbaggers just here for fiat gainz. This is why home mining at any scale, even just a single #bitaxe is so important. A bitaxe costs about the same as a node to buy and in recurring costs. Why does the current culture consider 1 mandatory and the other a big deal for people who are really dedicated. Lets kick these carpetbaggers out by teaching them that bitcoin is the real deal and fiat brains always lose. nostr:nevent1qqs0hrday4n4yrnzl9h8dyztvlc6agkjpvw8eg0r0y25xnye6620fpqpz9mhxue69uhkummnw3ezuamfdejj7q3qhxjnw53mhghumt590kgd3fmqme8jzwwflyxesmm50nnapmqdzu7sxpqqqqqqzsqyle9