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They won't stay off until it's not profitable anymore. Unfortunately bitcoin community has ossified & it seems unlikely that they will solve the problem (i.e. r
by X6S1x6Okd1st 5y ago
They won't stay off until it's not profitable anymore. Unfortunately bitcoin community has ossified & it seems unlikely that they will solve the problem (i.e. reduce block subsidy, move to PoS). The price needs to go down or some regulation needs to be applied to either increase cost of electrity from dirty sources (i.e. carbon tax) or make cryptocurrency less attractive (e.g. China has been moving in this direction)
- sudosysgen 5y agoEh, no. The Bitcoin mines are actually threatening the government, because they are contributing to a local rise in the price of gas and electricity which is driving revolts. So the government is definitely going to kick them out.
- deleted 5y ago[deleted]
- stubish 5y agoIt also depends where the profits are going. Governments don't want their energy subsidies draining their country of funds.