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The problem is that some uses of electricity are beneficial to society (e.g. keeping refrigerators running to prevent food spoilage). Others are detrimental t
by MereInterest 6y ago
The problem is that some uses of electricity are beneficial to society (e.g. keeping refrigerators running to prevent food spoilage). Others are detrimental to society (e.g. bitcoin's existence, allowing for the rise of ransomware). Raising the price uniformly across all uses does disincentivize the use of electricity, but some of that may be by not being able to have beneficial uses of electricity.
I agree that raiding individual mining locations is counterproductive. Instead, go after the exchanges, where bitcoin is exchanged for real money. Without an economic incentive to mine bitcoin, the mining would slow down and stop.