4 ms·
Unironically. - Reduces the alleged hold on China's bitcoin dominance to either attack the network or weaponize it. - Reduces the network reliance on china su
by ulzeraj 5y ago
Unironically.
- Reduces the alleged hold on China's bitcoin dominance to either attack the network or weaponize it.
- Reduces the network reliance on china subsided coal power.
The network will still function after the Chinese miner turn off their machines. Although its going to be a bit slower until next difficulty adjustment.
- StavrosK 5y agoSo, conversely, if a company were to deploy massive BTC mining rigs in China, it would be bad for BTC?
- ulzeraj 5y agoFrom a PR standpoint, yes. Public opinion will deteriorate. Bitcoin is being criticized for using China's energy grid which heavily relies on coal. People should look into the root of the problem instead and I do hope this change suggests that China might be looking into better energy production methods.