I think yes. Mining got competitive fast, and industry leaders behind ASIC chips and energy acquisition drove it to an industrial status quo. It's like the carrot on a stick. Following more sat stacking!

But difficulty caught up. Energy became harder to find, then AI came in and said wait a second I want all that energy.

Going to force mining to find other energy. Into the trenches. My main thesis is that there's a lot of energy hiding in heating systems. Half the worlds energy is used for space and water heating.

That's going to be a lot of hashrate.