If #Bitcoin
were to cease trading tomorrow, 0.5% of the world’s electricity demand would simply disappear – which would cover one year’s worth of the carbon emission cuts required to limit temperature rises this century to 2C.https://sluggerotoole.com/2018/10/12/bitcoin-must-die/ …
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Nope, China way overbuilt local generation. Apparently pissed everyone off, broke their rivers.
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China is absolutely cracking down now and miners are totally looking for other power. But the cheapest power is always going to be what can’t be moved easily, for somewhat obvious reasons. And Bitcoin can always sink those watts.
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