Quote from: Netnox on May 27, 2019, 04:07:08 PM

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A large part of the expenses incurred by the miners can be attributed to the capital costs. Setting up a mining farm can be very expensive, with all those mining rigs and air conditioners. Right now, there are only a few manufacturers that produce the mining rigs. And they don't have the spare capacity to increase the production 100x.

Not immediately of course.
But when gear that was sold for 400$ a few months ago can earn 720$ a month even at 10 cents per kwh every bitcoin mining chip maker will be able to go to TMSC and make them an offer that would take 1st place in the queue.

Abut air conditioning..common, we have stocks for that for tens millions of homes and businesses it won't be a problem to a few thousands small farms or a few hundred huge ones.

And I wasn't talking about 100x, but the price reaching 100k.

Quote from: el kaka22 on May 27, 2019, 06:35:53 PM

It can never be "free" even the energy evolution of solar energy is not free. Running that place costs money, even if its less than the original ways its still has a operational cost, from salaries of people who run those places to maintenance and stuff we don't know. So it can never be free, it could totally be clean and cheaper but not free. That is one part, on top of that bitcoin miners needs to profit as well, so even if electricity gets really cheap we need to put miners profit on top of that as well and we have a cost at our hands.

Not only the energy is not free, but in most places, you can even sell that energy so it's not like you get it for free and you have no use for it. Even if you use it to mine and generate profit you must first check and subtract what profit you would have had if you would have sold the energy directly to the grid without the headaches of monitoring bot miners and bitcoin price.