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"Some authority" will use violence to stop mining locally, and it will immediately move elsewhere. This is a nearly pure market system, driven by economic ince
by clarkmoody 9y ago
"Some authority" will use violence to stop mining locally, and it will immediately move elsewhere.
This is a nearly pure market system, driven by economic incentives. Cryptocurrency mining is the best and highest use for the scarce resource of energy. Once it becomes unprofitable to mine, then the hash rate will stabilize and the energy will be used for better purposes. Marginal producers of hash rate will be priced out of the market.