Will the Battery-Powered Bitcoin Mine Pump the Price by at least 10%?

In 2010, Bitcoin was difficult to understand; In 2014, BTC was considered to be too risky; in 2018, it was considered to be expensive; and in 2021, it is already too late for those who did not buy in to it.

Buy BTC Now:  However, those who believe in the growth prospects of Bitcoin have to state that Bitcoin is money, and it is never too late. For buying Bitcoin the adage is like:  The best time is now and the second best time is now.

Bitcoin mining until 2140:  Perhaps, for as long as the supply of Bitcoins doesn’t end, it isn’t late. Once every single $BTC has been mined, it will be too late to buy in. Technically, all of the Bitcoins will be completely mined in 2140 and so anyone buying BTC now is an early bird.

CNBC BTC News:  Now, we have CNBC report that Blockstream and Jack Dorsey’s Block, formerly Square, are breaking ground on a solar- and battery-powered Bitcoin mine in Texas using solar and storage technology from Tesla.  Tesla’s 3.8 megawatt solar PV array and 12 megawatt-hour Megapack will power the facility.

Pomp: “Elon Musk, Jack Dorsey, and cypherpunk Adam Back are going to build a bitcoin mining facility powered off solar power.”

                              “Tesla not part of partnership. They will use Tesla Tech Though.”

BTC Hopium:  Though misleading news, looking at Pomp statement some believe that Bitcoin payment for Tesla will come back.

Looks like the future is here and the news is bullish.  Looks like this is a clever way to hit the fossil fuel industry where it hurts the most.

Batteries and Solar Panel Concerns:  Would it not be a cardinal sin if they simply did not mine at night?

The mine, first announced in June 2021, was set to be powered by Tesla’s solar array and Megapack battery

“There’s a 12MWh Storage integrated, actual load is 1MW but built 3MW Solar; the LCOE will be crazy though, so they’re silent about it.”

News Pump: 

• Years ago, this news about battery-powered Bitcoin mine would have pumped the price by at least 10% in a day.
• Years ago, Bitcoin was worth a fraction of what is worth today. Now to move the price of a near Trillion dollar asset 10% requires a lot more inflow to affect the price.
• A Year ago, BTC was about 56k with over a Trillion dollar market cap so it was a bigger asset then than it is now.
• Looks like the market is simply not reacting to the news. However, some are hoping that things are getting hot. BTC will break high this year and will never look back.
• There was an old technical analysis which predicted: “Bitcoin price according to Logarithmic scale will range between $56K and $670 by the end of 2022.”

Starting from Bitcoin Mining, through use of BTC payment and speculative aspect of price increase the BTC ecosystem is active.  The strength and weakness of each of the individual activities is a different thing.  Just to say the ecosystem is very attractive and it is getting lucrative with big names setting their foot in.

However, if big guys step in it will be like “mine BTC and HOLD” – Capitalists ruling the world again.