Quote from: TangentC on June 18, 2021, 07:08:07 PM

Quote from: Dabs on June 18, 2021, 04:59:53 PM

Quote from: TangentC on June 18, 2021, 03:04:24 PM

Which in China , they decided it was easier to ban bitcoin PoW mining than regulate it.

That's their loss. I mean, China. The miners will simply move somewhere else and we are seeing it happening now.

The power grid operators don't care if you are looking for aliens, solving optical goloumb rulers, finding a cure for cancer, calculating large prime numbers, growing plants indoors or mining for any coins. If you use power and pay for it, then you should be okay, doesn't matter what you do.

Miners will simply migrate (or at least the equipment does) to wherever it makes sense for them, usually that means where it's cheaper.

And the earlier point , was the miners have been moving to Texas,
https://news.yahoo.com/displaced-chinese-bitcoin-miners-flocking-060215932.html
and Texas Power Grid operators are now warning of rolling blackouts.

Their is your clue.

FYI:
https://www.telegraph.co.uk/news/2021/06/18/texas-promotes-master-plan-lure-worlds-crypto-billionaires-forced/amp/

Quote

“We have governors like Greg Abbott in Texas who are promoting mining,” he told CNBC.

“It is going to become a real industry in the United States, which is going to be incredible.

“Texas not only has the cheapest electricity in the US but some of the cheapest in the globe,” he said.

“It’s also very easy to start up a mining company.”

Argo Blockchain CEO Peter Wall recently told Bitcoin Magazine: "We chose West Texas because it offers us some of the lowest electricity rates in the world and the majority is from renewable sources, namely wind and solar.”

But there has been a backlash.

Critics have pointed out that Texas’s power grid failed during a winter storm earlier this year and that the significant drain on resources could lead to future blackouts.

More than four million people were left without power, some for days, and 111 people died.

Texas had blackouts after a severe winter storm because their energy infrastructure wasn't designed to handle extreme cold, cuz they're in Texas. It has absolutely nothing whatsoever to do with Bitcoin mining.