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The majority of Bitcoin mining is located in just a few geographic regions that happen to have inexpensive power. China, The Republic of Georgia (special backro
by deftnerd 9y ago
The majority of Bitcoin mining is located in just a few geographic regions that happen to have inexpensive power. China, The Republic of Georgia (special backroom deal with the president and BitFury), North-East Canada, and parts of North-West US that have cheap hydro power.
If China is really rooting out the bitcoin mining operations, it represents a huge change in the makeup of the mining/hashing industry
- bernardlunn 9y agoWhy does China have low cost power? I understand the others you mention, but is it from subsidies in China?
- c3833174 9y agoPartly because of the government building hydro plants in suitable places even if there's little to no demand.