Grant Hilbert
👤 PersonAppearances Over Time
Podcast Appearances
So farmland has peaked out, theoretically, you could argue. It's peaked out. In its comparison. It'll only get cheaper when denominated in Bitcoin.
Gotcha, yeah, yeah.
Gotcha, yeah, yeah.
Gotcha, yeah, yeah.
Yeah, that mine's gone.
Yeah, that mine's gone.
Yeah, that mine's gone.
Why wouldn't you reinvest? No, so... I don't mean to diss on any Bitcoin miners, but what we found out was that mining or owning Bitcoin gets you very close to the same return as mining. And you have a physical thing. You have to insure that physical thing. Sometimes... is it theft? I think theft or something doesn't cover under insurance.
Why wouldn't you reinvest? No, so... I don't mean to diss on any Bitcoin miners, but what we found out was that mining or owning Bitcoin gets you very close to the same return as mining. And you have a physical thing. You have to insure that physical thing. Sometimes... is it theft? I think theft or something doesn't cover under insurance.
Why wouldn't you reinvest? No, so... I don't mean to diss on any Bitcoin miners, but what we found out was that mining or owning Bitcoin gets you very close to the same return as mining. And you have a physical thing. You have to insure that physical thing. Sometimes... is it theft? I think theft or something doesn't cover under insurance.
Some of these insurance companies are very skeptical about insuring Bitcoin Myers. And so we found out it's like for the risk you take the reward, there's not as much upside. You're getting close to the same return as owning the thing. And so that's where it's like those big miners. I mean, there's a lot of miners down in like Texas, um, and some of these regions that they're at large scale.
Some of these insurance companies are very skeptical about insuring Bitcoin Myers. And so we found out it's like for the risk you take the reward, there's not as much upside. You're getting close to the same return as owning the thing. And so that's where it's like those big miners. I mean, there's a lot of miners down in like Texas, um, and some of these regions that they're at large scale.
Some of these insurance companies are very skeptical about insuring Bitcoin Myers. And so we found out it's like for the risk you take the reward, there's not as much upside. You're getting close to the same return as owning the thing. And so that's where it's like those big miners. I mean, there's a lot of miners down in like Texas, um, and some of these regions that they're at large scale.
It's one of those things where if you can scale it really big, I think you're making a lot of money mining, but if you can't scale it big, uh, I think you're better off just owning the asset itself. So that's what we've kind of learned, and so that's where we're going.
It's one of those things where if you can scale it really big, I think you're making a lot of money mining, but if you can't scale it big, uh, I think you're better off just owning the asset itself. So that's what we've kind of learned, and so that's where we're going.
It's one of those things where if you can scale it really big, I think you're making a lot of money mining, but if you can't scale it big, uh, I think you're better off just owning the asset itself. So that's what we've kind of learned, and so that's where we're going.
Yep. It's, it's yeah. Bitcoin's like a hundred percent true capitalism. It's a true commodity. Like it's, everything is, and the two week difficulty adjustment. So if a bunch of Bitcoin, if a bunch of Bitcoin miners jump on the network because the price is going higher, just like in farming, right. It gets, it actually gets tougher for the existing Bitcoin miners on two week difficulty adjustment.
Yep. It's, it's yeah. Bitcoin's like a hundred percent true capitalism. It's a true commodity. Like it's, everything is, and the two week difficulty adjustment. So if a bunch of Bitcoin, if a bunch of Bitcoin miners jump on the network because the price is going higher, just like in farming, right. It gets, it actually gets tougher for the existing Bitcoin miners on two week difficulty adjustment.
Yep. It's, it's yeah. Bitcoin's like a hundred percent true capitalism. It's a true commodity. Like it's, everything is, and the two week difficulty adjustment. So if a bunch of Bitcoin, if a bunch of Bitcoin miners jump on the network because the price is going higher, just like in farming, right. It gets, it actually gets tougher for the existing Bitcoin miners on two week difficulty adjustment.
So that's, It's the exact same thing as growing a commodity or farming.