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Old 05-12-2020, 02:09 PM  
Ferus
Bye - Left to do stuff
 
Industry Role:
Join Date: Feb 2013
Posts: 4,109
Quote:
Originally Posted by jscott View Post
There will always be a demand for bitcoin mining. Some people have access to cheap electricity, there's renewable energy (Bitcoin is mined by 70% renewables) among other things.

Bitcoin only needs to exist in order for it to succeed.
Wouldn't it be a better business to sell the renewable energy, than mine at the current rate?

It was more or less break even before the halving, and many miners were run on zombie/exploited machines where the miner dident pay for the power.
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