In a debate I'm having on my local tab, a table appeared with mining cost predictions.
Fonte: https://cryptoslate.com/power-law-predicts-bitcoin-block-rewards-to-hit-5-5-million-within-10-years/
In my opinion, the hardware needs to take an evolutionary leap, so that we don't reach these values in 10 years.
What do you think?
Fonte: https://cryptoslate.com/power-law-predicts-bitcoin-block-rewards-to-hit-5-5-million-within-10-years/
In my opinion, the hardware needs to take an evolutionary leap, so that we don't reach these values in 10 years.
What do you think?
Its not so much the hardware, but the geopolitical position on energy and the crazies around "net zero" that need to change.
The hardware is scalable, as is the energy efficiency for some part.
What really holds things back is the cost of energy, if you can eliminate that from the equation it becomes a lot easier to make a profit.
I dont know where you're based but energy costs in the UK are 10x higher than elsewhere in Europe or the USA.
I've seen people saying they pay $0.03/KWh
In the UK that price is $0.32/KWh so largely prohibitive to do any large scale mining.