You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts

You might not want to lend against a car engine. You might want to lend against the car. ASICs are one piece. Hashrate is the finished product — the machines, the land, the containers, the transformers, the fiber, the PDUs, all of it assembled and pointed at a pool generating revenue. That's what they'll underwrite. 🚗 #bitcoinmining #mininglending #hashrate #bitcoin #blockspace #podcasts

SB6 shifts transmission costs onto large load users, adds grid reliability protections, and requires upfront financial guarantees. ERCOT's CEO framed it as large loads paying their fair share. The bigger piece: two demand management programs, one mandatory. Loads of 75 MW or more interconnecting from January 1 can be disconnected during firm load shed events, with shut-off equipment required at interconnection. ⚡️ #texas #ercot #datacenters #bitcoinmining #blockspace #podcasts

The pitch was that rising L1 fees burn ETH and drive the price. The other pitch was that all the activity moves to L2s. Both can't be true — if activity is on L2s, where do L1 fees come from? It turned out to be neither. Now the Foundation is losing people and the podcasters are rage quitting, which looks a lot like Bitcoin in 2021. Grim, but those things needed to happen. 🫥 #ethereum #eth #crypto #layer2 #blockspace #podcasts