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23 sats \ 2 replies \ @cleaningup12 20h \ parent \ on: Why I'm long-term bullish on the Middle East econ
You could argue that while the cost of energy might decrease, the volume of energy consumed globally could increase, potentially offsetting some revenue loss.
And they've got 🏜 deserts and a lot of it, prime solar energy conversion.
They've also got the liquidity to invest in the technology now.
Green Energy game theory about to play out
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15 sats \ 1 reply \ @Undisciplined 20h
Yeah, they would still be the lowest marginal cost providers, which means they'd have the most profitable energy production.
The other part is that energy production will be more decentralized, with lower barriers to entry, which will make it harder to maintain high margins.
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22 sats \ 0 replies \ @cleaningup12 19h
The other part is that energy production will be more decentralized, with lower barriers to entry, which will make it harder to maintain high margins.
Game theory page 1.
Will be interesting to see the hash rate wars play out with this on the horizon, will companies like ocean be able to compete with antpool et al
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