Bitcoin miners are buying power plants

Re:Bitcoin miners are buying power plants by arcticbull on Friday April 16, 2021 @03:34AM (#26830737)

Well that's fine, no legitimate businesses hold them. Seriously. Your suppliers are paid in dollars, your tax burden is in dollars based on the conversion price on receipt. To hold them on receipt is wildly irresponsible speculation, as a business.

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Re:Bitcoin miners are buying power plants by DennisP on Friday April 16, 2021 @09:34AM (#26833672)

I don't know whether you consider Tesla a legitimate business but they're holding bitcoins.

https://www.thestreet.com/crypto/bitcoin/tesla-up-1-billion-...

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Re:Bitcoin miners are buying power plants by HWR_14 on Friday April 16, 2021 @04:46PM (#26838891)

Tesla (and Time) hold them as a speculative asset. Keeping a percentage of a corporate treasury in bitcoin is speculation, but possible a reasonable one. Allowing the mixture of funds that people opt to pay you in to determine your corporate allocation of assets seems a bit careless.

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Re:Bitcoin miners are buying power plants by 12elephant on Friday April 16, 2021 @09:51AM (#26833859)

Also Time Magazine: https://www.thestreet.com/crypto/bitcoin/time-magazine-to-ho...

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Re:Bitcoin miners are buying power plants by arcticbull on Friday April 16, 2021 @12:30PM (#26835960)

Legacy media is a tough business. GBTC is paying Time in crypto produce shill content.

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Re:Bitcoin miners are buying power plants by arcticbull on Friday April 16, 2021 @12:29PM (#26835939)

I consider Elon to be a troll, who's messing with people. He's named his CFO "Master of Coin".

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