Bitcoin mining (natural gas-powered) Loading... : Investor Sentiment and Bull/Bear Views
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20:19
Jun 24
Jun 24
Stranded gas to Bitcoin beats storage.
Gary argues natural gas can trade for free while storage costs about $3 per year versus a $3 natural gas price, making storage uneconomic. Producers will instead use stranded gas to mine Bitcoin at low capital cost and hold Bitcoin on the balance sheet as a commodity. This will hurt natural gas storage providers and their intermediaries.
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About Bitcoin mining (natural gas-powered) Investor Commentary
Across the available history and selected sources, Buzzberg tracks Bitcoin mining (natural gas-powered) across 1 sources: 1 bullish vs 0 bearish calls from 1 authors. Historical directional balance: 100% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 1 total trade idea tracked. Latest voices: Gary Cardone.