very good read but we all need electric so i guess it will continue unless they cut all the power of the world
You are viewing a single comment's thread from:
very good read but we all need electric so i guess it will continue unless they cut all the power of the world
That's not the point. Due to its Proof-of-Work nature, Bitcoin mining will always be concentrated in areas with cheap electricity and even there you can't just simply pull 1 megawatt from the power network whenever you want to. In my area (Europe), you have to sign a special contract with local electric power supplier (state-owned) if you want to pull more than 5 kilowatts.