China intends to abandon mining cryptocurrency by 2021.How do You think this news will affect the entire industry and what alternative countries can replace this niche?
This will not affect the industry on a large scale IMO if only the actual mining aspect is banned while the production of newer ASIC chips isn't. For once, the cluster of mining power on China will be dispersed into other countries and the network will finally have a chance to decentralize the network. Russia, Iceland, and perhaps the US itself can pretty much harbor large-scale industrial mining. China is only being chosen as the hotspot given the ample climate conditions and cheap hydropower. Iceland has it, the US has it and Russia has it as well.
What is the cost of 1 kilowatt of electricity in your country?
From where I live, our per kW/h rating is @ $0.25, which is pretty darn expensive as compared to other countries knowing that this country's entire power (or at least on the urbanized areas) supply is monopolized, and that sucks because the government hasn't done anything to abolish this one-company system for decades.
What the heck are you talking about? You are literally referring to the same article that AGD shared in his thread where you both are talking about the same topic.
Same issues being discussed here which is why your statement does not make any sense. Locking this thread is the best option.
Pardon me but AGD's topic is mainly about China playing as the environmentalist dudes and this here is talking about how China's move can affect the industry.