Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: DoodleDawg

Doubt it. Most are in china where electric costs are low. I’m thinking the miners would want to make a deal. Give us free electric and we’ll handle your surge issues.


14 posted on 12/06/2021 9:40:49 AM PST by Pollard (PureBlood -- youtube.com/watch?v=VXm0fkDituE)
[ Post Reply | Private Reply | To 12 | View Replies ]


To: Pollard
Doubt it. Most are in china where electric costs are low. I’m thinking the miners would want to make a deal. Give us free electric and we’ll handle your surge issues.

I don't see them shutting down for a week or more at a time. Their potential losses are astronomical.

16 posted on 12/06/2021 9:44:57 AM PST by DoodleDawg
[ Post Reply | Private Reply | To 14 | View Replies ]

To: Pollard

China’s share of global Bitcoin mining has fallen to effectively zero, research by the Cambridge Bitcoin Electricity Consumption Index (CBECI) suggests.

In June China told banks to stop facilitating transactions, and issued bans on mining.

https://www.bbc.com/news/technology-58896545


21 posted on 12/06/2021 1:57:43 PM PST by sergeantdave (Federal courts no longer have any standing in America. )
[ Post Reply | Private Reply | To 14 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson