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BREAKING: Tesla has just officially announced their next-gen V4 Supercharger cabinet, capable of 500kW charging speeds for cars and 1.2MW for Semi. HOLY SHIT! Highlights: • Faster charging: Supports 400V-1000V vehicle architectures, including 30% faster charging for Cybertruck. S3XY vehicles enjoy 250kW charge rates they already experience on V3...

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TheNewPhysics

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TheNewPhysics

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The biggest Bitcoin miners on earth are quietly walking away from mining Bitcoin, and the reason is not the one everyone keeps repeating. They are not fleeing a dead business. They lost an auction for their own power, and the winner was artificial intelligence. Start with the brutal arithmetic. It now costs the average public miner around $80,000 in cash to produce a single Bitcoin, and for stretches of this year $BTC traded below that. The most efficient operators on the cheapest power still clear a margin, but an estimated 15 to 20 percent of the global fleet is mining at a loss right now, burning more in power than the coins are worth the second they are minted. Three straight downward difficulty adjustments earlier this year, the first such streak since 2022, were the footprint of machines going dark. That looks like a simple story of a broken business until you see the number that explains the exodus. The same megawatt of power that earns a Bitcoin miner roughly $1 million a year earns between $10 and $20 million a year hosting AI compute. Ten to twenty times more, for the identical electricity, substation, and cooling. What made industrial miners valuable was never the mining. It was the power contracts, the land, the grid interconnects. AI walked in and bid an order of magnitude higher for exactly those assets. Mining did not fail. It got outbid for its own infrastructure. When Core Scientific runs its BTC segment at a negative margin while its AI colocation business prints money, the decision writes itself. CoinShares estimates listed miners could pull up to 70 percent of their revenue from AI by year end, up from about 30 percent. The power is being repriced to its highest use, and Bitcoin lost the bidding. If the giants leave, what happens to the network they secured? The doom posts assume it weakens. It does not, because Bitcoin has a self-healing reflex written into its core. When miners switch off, blocks slow, and within two weeks difficulty automatically drops, which makes mining cheaper and more profitable for everyone still running. The security does not vanish, it relocates, and you can already see where. State-backed pools are appearing, with one Gulf operator reportedly standing up a national pool near 3 percent of global hashrate, alongside private fleets and the handful of public miners like Marathon still choosing to buy Bitcoin rather than lease their power away. The network even hit an all-time high above one zettahash this year as the pivot accelerated. It does not need any particular miner. It needs someone, somewhere, for whom the math still works, and cheap stranded power has no shortage of those. But there is a deeper timer here, and the AI pivot just exposed it. Today miners earn almost everything from the block subsidy and almost nothing from fees, often under one percent of revenue on a quiet day. That subsidy halves again in 2028, and every four years after, marching toward zero. For Bitcoin to pay for its own security forever, fees eventually have to replace it. The open question is whether they can, and the evidence cuts both ways. On busy days, during token launches and inscription waves, fees have already spiked past 15 percent of revenue, and in 2024 some blocks earned more in fees than the entire subsidy. The capacity is there in bursts. Whether bursts become a baseline is the single most important unanswered question in Bitcoin. The AI exodus did not create that question. It pulled the cover off it years early, and showed how fast capital abandons hashing the moment something pays more. So the honest read is not that AI kills Bitcoin mining. It is stranger than that. AI is the first bidder rich enough to reveal what Bitcoin's security was always quietly worth, and what it will cost to keep once the free coins stop coming. The miners are not abandoning a sinking ship. They are selling the deck to a higher bidder while the same clock everyone forgot about keeps ticking underneath.

Shanaka Anslem Perera ⚡

90,812 Aufrufe • vor 3 Monaten

Today, I took the new Lucid Gravity SUV out for a quick drive. Here are my initial thoughts of the car and the drive: Materials & Seats: I have to say, this is a nice vehicle. The interior feels very premium, and the materials feel expensive. The perforated vegan leather seats are plush, provide good support, and hug you nicely. I sat in two Gravitys, one specced with the $4,200 Tahoe Brown vegan leather seats (really liked that color) and one with the all-black interior. The massaging seats are also surprisingly useful. Unlike the gimmicky ones in many cars, these actually feel great and not like a tiny mouse poking your back. I’d use them regularly if I owned one. The powered second-row seats are roomy and comfortable, with plenty of space for legs and feet. One small gripe I have: the grab handles on the interior feel like very cheap, hollow plastic. Design: The Gravity leans more toward minivan styling than SUV, but I actually think it works. Lucid managed to fit a whopping 120 cubic feet of cargo capacity into this thing. For context, that’s about 24% more than the Tesla Model X (91.6 cu ft), even though the Gravity is an inch shorter. It’s also just 10% less than the Cadillac Escalade IQ EV (131 cu ft), despite the Escalade being more than two feet longer. The 6K OLED panoramic display looks great, but the software felt a little laggy at times and is tough to see in direct sunlight. The steering wheel button design isn’t my favorite, but I do like the flat-top, flat-bottom design, Reminds me of Cybertruck’s wheel. Cargo loading is very convenient. With the air suspension lowered, the rear load floor is super low, making it easy to get things in and out. The trunk opening, though, is oddly shaped. I found the hatch uncomfortably close to my head, but raising the air suspension helps a little. Taller folks may still run into that issue. Showroom Employees: I met three Lucid employees at the showroom, one of whom had worked at Tesla for 10 years. All of them were very nice and knowledgeable. Sound System: It’s VERY good—great bass response, not muddy. It has Dolby Atmos, and it rocks. The Cybertruck still has the best factory sound system I’ve ever heard, but the Gravity’s is still great. ADAS: Unfortunately, I didn’t have much time to try it out, so I can’t give an opinion. But the 360-degree camera view is nice. It makes parking much easier and has a curb-rash alert so you don’t scrape your expensive wheels. Test Drive: The Gravity I drove, including options, was priced at $115,000. The ride felt firmer than I expected, even in the softest air suspension setting, but it was still comfortable. The sportier modes were fun and deliver that classic, quick-acceleration EV experience. The steering feel struck a good balance—sporty, but not tiring for everyday use. Visibility is good, and the glass windshield that extends past your head is cool (though I still think the Model X windshield is more immersive). Charging: The Gravity has native NACS and can charge at speeds up to 220 kW at Tesla Superchargers. In general, the vehicle is capable of up to 400 kW charging speeds. Final Thoughts: As Tesla fans, we can sometimes be tough on non-Tesla EVs, but I think the Gravity SUV is evidence that Tesla’s mission is working: accelerating the advent of sustainable energy. Tesla’s mission and past work helped pave the way for a vehicle like the Lucid Gravity to exist and come to market. While Lucid’s path to profitability is still in question, and while the Gravity is expensive (for now), even from my short time with it, this feels like Lucid’s first truly great product. Only the $94,900 Grand Touring trim is available right now, but the company says the less expensive Touring trim will come out late this year for $79,900. We shall see. More photos and videos of mine in the thread below:

Sawyer Merritt

110,465 Aufrufe • vor 1 Jahr