Quote from: wahyu wida on May 28, 2019, 02:50:48 AM

Quote from: Fredomago on May 27, 2019, 04:19:22 PM

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

Quote from: stompix on May 27, 2019, 07:33:45 AM

If Bitcoin reaches 100k tomorrow, there will be 180 million to be earned, miners would be happy to spend 150 million a day on energy to get that.

At a price of 5 cents per kwh....you're not going to like the result Grin

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.

Which is real, the setup will already burned you as hell when you do this mining business, not everyone can afford that only those who have huge investment capital and have a good source of cheap or free electricity will manage to proceed and do this business, its a risk to take even value of
bitcoin will increase to that level.

cheap electricity resources will be very difficult for developing countries. only developed countries can do so with an established level of welfare. of course if that happens, it will be a good mining for minner, of course the cost will be reduced

it just be a dream for citizen from developing countries.they government need much fund to provide infrastructure.so if they give subsidy it difficult to happen.meanwhile mining need low cost electricity to able generate profit from current price.