Post
Topic
Board Mining speculation
Re: Is bitcoin price sustainable with higher & higher electricity costs for mining?
by
Eastwind
on 28/04/2015, 08:31:26 UTC
Miners might have to look at alternative energy. Maybe the big mining farms in the future will be run off huge solar pannels or wind turbines etc and generate their own electricity for free.

I agree with this, should probably use an alternative electricity or create their own power source for mining purposes.

But the total cost (machine+human+electricity) is the same even if all of us use cheap electricity. We will buy more machine to mine and total electricity cost will remain the same. If we have more efficient machines, we will also buy more, the result is the same. The total cost  of mining is more or less same as the block reward including fees.