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RE: Bitcoin Mining Shifting Back Towards West As Chinese Power Subsidies End

in #bitcoin7 years ago

This has been going on for years. The problem occurs when mining takes up more energy than they can produce and then the town has to purchase more energy at a higher price. As long as the power plants can keep up with the demand, there shouldn't be an issue, but that isn't happening right now so I think some regulation may need to be put in place.