Hi,
In USA the country is separated in to 3-4 power grids correct?
So the currents grids are version 1.0 meaning the grid distributes constant power electricity to all areas equally regardless of the areas has high energy usage or not?
In Biden's current infrastructure bill they plan to change the grid to Smart Grid 2.0?
Can a Smart Grid detect bitcoin mining and automatically turn off electricity for the bitcoin miners if Biden's government bans bitcoin mining?
In UK there's Smart Meters that shows how much gas/electricity is being used in the home. They replace old meters. These smart meters know when you open the fridge or turn on your tv to monitor your energy usage. They have helped the police catch drug criminals growing cannabis in their homes that requires a lot of energy like bitcoin mining.
Main questions are:
- Energy prices are getting more expensive as we can all see now, so for Bitcoin mining to be profitable bitcoin prices needs to go up otherwise it becomes unprofitable and miners will leave the bitcoin network making the bitcoin network less secure and vulnerable to 51% hack attacks correct?
- A drop in hash rate makes btc mining more easy attracting new miners to join the btc network to secure the network however what if the smart grid 2.0 detects and stops new bitcoin miners joining the btc network?
- The governments around the world are pushing their agendas for to stop global warming and bringing up ESG regulations. When this time comes then how can bitcoin miners mine bitcoin off the grid?
- Energy/Power rationing is happening around the world now in many countries due to high energy rising costs where governments have to ration energy usage in their own countries to decide who gets the power. They allow essential hospitals and airports to get the electricity but what about bitcoin miners?