Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

It will be almost impossible to not outbid bitcoin miners for electricity due to the fact that mining is a non-geographically constrained free market where miners are not profitable unless their electricity cost is very close to zero (i.e. otherwise wasted energy). As soon as there's other demand for the same energy, bitcoin mining will instantly become unprofitable in that area and they will need to relocate.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: