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Bitcoin mining will spur competition for the cheapest energy in the world once there is parity with mining chips (12-18 months away). We're hitting the upper li
by LAMike 9y ago
Bitcoin mining will spur competition for the cheapest energy in the world once there is parity with mining chips (12-18 months away). We're hitting the upper limit on what is possible in the ASIC chips.
Every 10 minutes, a $200,000 bounty is given to the Bitcoin miner with the cheapest electricity + computing power. So once everyone has the same chips, what's the advantage miners can use? Cheap electricity.
Bitcoin miners will do more for renewable energy than many governments around the world.
- Marazan 9y agoOrrrrrrrrr they'll find power without externalities priced in.