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It has to be, otherwise there is an arbitrage opportunity : hydroelectric power is the cheapest there is.
by grondilu 9y ago
It has to be, otherwise there is an arbitrage opportunity : hydroelectric power is the cheapest there is.
- TheSpiceIsLife 9y agoWell, I hadn't really looked in to it before, but a bit of a search proves your both right. Forbes says "The largest share of the miners are located in China, close to the border with Tibet where cheap hydropower is relatively abundant."[1] 1.https://www.forbes.com/sites/peterdetwiler/2016/07/21/mining-bitcoins-is-a-surprisingly-energy-intensive-endeavor/#126becdd5bbf https://www.forbes.com/sites/peterdetwiler/2016/07/21/mining...