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Because miners would move to places where the electricity is cheap. In theory you could always keep raising the price of electricity, because everybody needs t
by Nazare 9y ago
Because miners would move to places where the electricity is cheap.
In theory you could always keep raising the price of electricity, because everybody needs to buy electricity to keep the lights on.
You can't have your cake and eat it too. You can't become a tax haven for international companies either, and then raise those taxes when you have some customers.
- skybrian 9y agoThis doesn't explain why not.
- Nazare 9y agoBecause long-term you'll end up with a situation, where your special profitable customers leave for greener pastures (those willing/able to pay higher fees) and your base customers can't or won't afford it. Short-term they can make some money raises the prices, until supply-demand equilibrium is reached again. But then you shoot yourself in the foot for the long term.
- s73v3r_ 9y agoBut your special profitable customers aren't paying anyway.