In celebration of November 21st, The @WhatisMoneyShow is releasing the Pysh Series (6 episodes total) all at once, today. In The Pysh Series, @PrestonPysh and I explore two books:
1. The Brain by David Eagleman
2. The Seat of the Soul by Gary Zukav
Episode thread⬇️
Ep. 1: Money as an Extension of Mind
Ep. 2: Money and Memory
Ep. 3: The Schizophrenia of Fiat
Ep. 4: Meta-Intelligence
Ep. 5: How Intention Shapes Reality
Ep. 6: Money, Power, and Soul
Preston and I took some real thematic risks producing this series, as it deviates significantly from "traditional #Bitcoin content."
We welcome your feedback, and I encourage people to remix snippets of this series into clips, memes, or other media assets which I will amplify!!
If this style of series release resonates with everyone, I will strive to do something similar on the 21st of each month going forward, in celebration of 21M #Bitcoin as the motif for a 21st century digital renaissance.
Now, let's go orange-pill humanity!!!
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That’s how many hashes Bitcoin miners are producing every single second -- making it the most robust and secure computer network in the world, by far.
How high can this go? How does this affect Bitcoin miners?
Let’s talk about it 🧵👇
With the network hashrate currently at ~800 exahash per second, the first question we have to ask is, how did it get here? There’s two ways for Bitcoin’s hashrate to increase:
Miners build and energize new facilities to plug in more machines
Technology advances and miners plug in more powerful, more efficient machines
For the majority of Bitcoin’s existence growth in hashrate has come primarily from the second source.
Bitcoin ASICs (Application Specific Integrated Circuit), machines purpose built to mine Bitcoin as efficiently as possible, first hit the market in 2013. When viewing a chart of Hashrate in logarithmic scale the impact of ASICs is clear – from 2013 to 2015, Hashrate increased by 1,387,000% 🤯
The initial creation of ASICs wasn’t the only Hashrate catalyst. In the early days of Bitcoin ASICs each new model was radically more powerful and efficient than its predecessor. See the progression of Bitmain ASICs in the table below.
The S3 was 60% more efficient than the S1. However, the S21 XP boasts just a 10% efficiency increase over the S21 Pro.
This trend is called ‘ASIC Commoditization’ and affects the Bitcoin mining industry in a BIG way…
Bitcoin mining has changed dramatically over the past decade. From GPUs in a garage to Tier-1 Datacenters filled with ASICs, Bitcoin mining is a rapidly evolving, global game.
But this game isn’t just played by massive corporations. In fact, 2025 could be a significant year for smaller, private Bitcoin miners. Let’s look at the data 🧵👇
This is the golden age of Bitcoin mining.
2025 is on pace to be the highest grossing year for Bitcoin mining in history. In January, miners earned a combined ~$1.4 billion in revenue (equal to a ~$16.8B annual run-rate).
Between 2025 and 2032, roughly 1,000,000 BTC will enter circulation via mining. After the 2032 halving, it will take more than 100 years to mine the remaining ~328,000 BTC. Said another way, ~98% of all Bitcoin that will ever exist will be mined 2032. This means the final 108 years of Bitcoin mining will be a competition to uncover the last 2% of the Bitcoin supply.
The next few years of this “digital gold rush” are crucial – there’s a lot of Bitcoin up for grabs.
Spot Bitcoin vs Bitcoin Mining.
Mining has even outperformed buying Bitcoin directly. From 2020 to 2024, mining outperformed Bitcoin by more than 300%
So it begs the question: what is the best way to get exposure to Bitcoin mining?
Despite the high profitability of Bitcoin mining, public mining stocks have historically been unreliable at delivering that value to shareholders.
Bitcoin itself is up more than 100% over the past year, but many Bitcoin mining stocks have underperformed – with $WGMI, the miner ETF, being up just 18%. While this is good, it’s not great, especially given the expectation of mining being a higher-beta play on Bitcoin.
Problem: It's no longer profitable to run ASICs at most residential electricity rates and Bitcoin mining stocks are unreliable.
I am behind on the past few @WhatisMoneyShow episode announcements, and since we have been releasing some absolute bangers, here is a quick thread on our recent releases:
Whitney Webb (@_whitneywebb) is a professional writer, researcher, journalist, and host of an independent podcast called Unlimited Hangout. We discuss deep state power, Jeffrey Epstein's case, and corruption at the highest levels.
Samson Mow (@Excellion) is the CEO of JAN3, a new #Bitcoin technology company with a mission to accelerate hyperbitcoinization. We discuss the necessity for nationstate Bitcoin adoption, the importance of education, and today's financial dystopia.
Extremely excited to announce the release of The Platonic Philosophy Series today on The @WhatisMoneyShow! The eminent philosopher @vervaeke_john joins me for a 10-hour conversation on the masterful book "Plato's Critique of Impure Reason."
Quick thread outlining each episode⬇️
Episode 1 "A Logic of Violence" explores the way is which sophistic relativism inevitably descends into violence, and why a proper relationship with the absolute is necessary for live well-lived.
Episode 2 "With Good Reason" explains the commonalities between reason and love, how each is characterized by the attempt to reach beyond itself.
With over 8 hours recorded together, this is one of the most information-rich conversations I've had on the show. @balajis has an impressive breadth and depth of knowledge; and his views on the future are wildly fascinating, to say the least.
One of the most profound lessons the study of #Bitcoin, money, and economics will teach you is that the materialist perspective is incomplete. For humans, motivational significance matters more than any substantive reality...
A civilizational paradox: as we strive to push back the uncertainties of entropy through capital accumulation and the establishment of socioeconomic protocols, we run the risk of creating a tyrannies of excessive order. To succeed, we must surf a knife-edge of order and chaos...