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162 sats \ 2 replies \ @alphazeta OP 18 Jun \ parent \ on: I’m Rapha Zagury, CEO and Founder of Elektron Energy. AMA starts at 11am EST. AMA

Nope. At least not in the medium term. First of all we've built Elektron around Bitcoin and the Bitcoin ethos. Our founding team comes from Bitcoin. (Good and bad as it could create blind spots for sure).

More important - mining is still very profitable (even at current levels) if newer gen machines are used and you can source low energy.

For example, S23 hydrosat 6c power still mine BTC at ~30k. Of course you need capital and access to energy.

Scroll down here for the ASIC break-evens:
https://elektronics.dev/analytics/asic-compare

Capital structure management is key. Miners that manage their capital well will thrive in our opinion.

Also, everyone is pivoting. We love being the contrarians in the room now.

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10 sats \ 1 reply \ @alphazeta OP 18 Jun

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162 sats \ 0 replies \ @alphazeta OP 18 Jun

I do not dismiss AI. It is real. It is a massive new source of power demand, and any serious energy company has to understand it.

But Bitcoin mining and AI are not the same business.

Finally, I think the time to invest in AI will be after this current cycle. Lots of froth right now... Let it deflate first.

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