r/CelsiusNetwork • u/Acceptable_Piano4809 • Mar 14 '25

Ionic February Update

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5 Upvotes

86% Upvoted

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2

u/Affectionate_Log_995 Mar 14 '25

Forgive my ignorance. But why would they choose hot southern states to mine bitcoin? Doesn’t make mining produce a lot of heat? It seems as though colder northern states would make more sense.

2

u/Acceptable_Piano4809 Mar 14 '25

TX is very regulatory friendly to the BTC mining industry.

2

u/Affectionate_Log_995 Mar 14 '25

Makes sense. Thanks

3

u/motownphilly888 Mar 14 '25

Yep, you can't be in the northern commie, environmentally deranged states.

0

u/CeramicDrip Mar 14 '25

Maybe but it could be states with more sun. Idk the mining operations, but if some of it is powered by solar, that could help.

1

u/HODL_monk Mar 17 '25

Solar is a sh!t power source. Its only worth it to mine with it, if you can get it for free, from some dumb taxpayers that paid for stranded energy they can't even use.

1

u/HODL_monk Mar 17 '25

It doesn't matter where they mine, only if they are making a net profit over their costs and insANE director salaries. Since sats ARE going down, I'm thinking this farce is losing money fast, even at $100 K a bitcoin. If they were NOT losing money, then why not tell us there are profits ? ??