> the process involved in a single bitcoin transaction could provide electricity for a home in Britain for an entire month Perhaps British homeowners should th

> the process involved in a single bitcoin transaction could provide electricity for a home in Britain for an entire month Perhaps British homeowners should then travel to remote regions of China and set up a power line direct to their home. The analogy is meaningless as electricity is not easily exportable and transportable. A new power plant in Denmark does not affect electricity pricing in Australia. Bitcoin miners are opportunity buyers that rely on bottom-shelf pricing from the source - as soon as any industry is ready to pay a penny more, miners’ margins are affected accordingly and they will move on elsewhere.