Post
Topic
Board Development & Technical Discussion
Re: Why exactly is Bitcoin clinging to PoW?
by
TangentC
on 18/06/2021, 19:08:07 UTC
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,
and Texas Power Grid operators are now warning of rolling blackouts.

Their is your clue.  Smiley