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Even more worrying is the trend toward mining centralization in regions of the globe where energy is inexpensive. Almost certainly, if the project continues as
by eric_bullington 12y ago
Even more worrying is the trend toward mining centralization in regions of the globe where energy is inexpensive. Almost certainly, if the project continues as is, we'll end up with a few large mining conglomerates located in these locations with cheap energy available.
- wmf 12y agoWhy can't hobbyists take advantage of low electricity costs? Are there no hobbyists in Iceland?
- ceejayoz 12y agoThey can, but they're unlikely to compete in any meaningful manner against multi-million dollar mining ops.
- lvh 12y agoPresumably because there's a lot of starting capital needed to start mining on the proverbial other side of the world. Once you have high-end power and maybe cooling taken care of, the price of an individual piece of hardware is pretty low.