“Bitcoin mining was doing between $300 and $400 per megawatt hour. So Zcash said it's over double that right now”
♫
Said on Bankless
“We were dedicating actually the majority of our resources towards monetizing waste energy with Bitcoin mining.”
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch · 20VC: The Future of Datacentres: What You Need to Know | Why Everyone Gets GPU Depreciation and AI's Energy Costs Wrong | Who Really Makes Money From AI & Why Most Moats Don't Exist with Chase Lochmiller
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What was described
monetized waste energy by running Bitcoin mining operations in low-cost, abundant-energy locations
Said nearby on the same subject
“We've got operations in 35 states with physical locations. We've done over 82 acquisitions”
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Said on Profiles in Risk
“I said, wait a minute. So if you have a very low cost energy and you have this roasting craft and you fuse those, you could probably create this product.”
♫
Said on Entrepreneurs on Fire
“Infrastructure to support AI wasn't going to be centralized. It was going to be distributed where energy was low cost and abundant.”
♫
Said on The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
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