My prediction a couple years ago was that it would be electricity utility companies mining Bitcoin on and off with surplus energy that would succeed as attrition eliminates all the other mining companies paying for electricity.

Bitcoin mine as a steam generator to help offset power cost

"Bitcoin’s design seems to front-load security through big issuance incentives, then gradually transition toward a more decentralized mining space over time." https://image.nostr.build/772d80bd83e76ceeaf682a26dc4c562ea9b716b09bf52fa1cd38cd800bdb4ea9.jpg

they’re not if they continue mining bitcoin that’s why most are converting to ai data centers

They’ll survive in accordance with their ability to leverage the Cantillon effect, which, ironically, Bitcoin will destroy.

welcome to my brain.

They'll all move to northern latitudes and provide hearing services to cities, business, and homes

Agreed, between it and other data center stuff, I kind of want to invest in non-silicon semiconductor technologies that can operate at higher temperatures to enable more productive uses of the waist heat, not just heat swimming pools and the like.

Almost work intensive industry sheds heat. It’s of small fraction of value created. Sure harnessing this wasted energy will boost margins but creating a process and/or system to do so adds complexity and additional capital expenditure. Classic case of optimization being the enemy of elegant fun...

There's plenty of room at the bottom

Because they are and will be subsidized even more in the future if Bitcoin succeed a bit