Adam Back: There’s actually enough unused hydro power that’s connected to the grid and ready to use that it could power the entire #Bitcoin network just out of the unused power. Of course there are lots more hydro resources globally both constructed and untapped, so even on the hydro side there’s a lot of upside. And of course, I think #Bitcoin is a great vehicle for providing the business fundamentals to fund building more power infrastructure, to drive economic growth for the future. https://chowcollection.medium.com/matt-odell-citadel-dispatch-e75-privacy-speech-and-bitcoin-with-adam-back-777e3fdf46a1

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I guess it all comes down to the value of Bitcoin itself, which is broken down into its constituents. For example: - price of mining equipment - price of energy - value of the ideology If you can get all the items for less than market price, then mining Bitcoin is worth it. I expect once we get to a certain block reward, the value of the ideology will need to go up
Evan Baer's avatar
Evan Baer 2 years ago
Mining scales up as bitcoin price goes up Difficulty adjustment occurs to keep a 10 minute block speed average Simple balance
Reggie VJ's avatar
Reggie VJ 2 years ago
Lfg! I can't stop myself from being more bullish. My inner bull grows daily
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LuisSP 2 years ago
dream: BTC mining follows earth's rotation - as night falls and energy usage decrease, unused hydropower mines BTC. then someone plots an earth 3D globe with red points on hashes' IP locations -> and night turns red on black. lots of water needs to flow, even when less energy is needed. In tropical rain seasons, lots of unused water flows through non-energy generating waterways. BTC mining could even make installing extra turbines profitable. And in dry times with not enough water flow... just stop mining. no one is harmed. plus... when I see an oil refinery burning unused gases... I think how much BTC could be mined from that.