It costs $26,000 to mine one bitcoin in South Korea — and just $530 in Venezuela
Crypto Market Explosion???
Well $500 dollars a Pop may say Yes to an Emerging Digital Currency Market...
Bitcoin Better Not be a Bubble Because is some places Like Venezuela
They are Mining Crypto Currencies to keep Their economy afloat due to Massive Defaults on Debt
And if a $531 Mining and the Best of BlockChain resides in Venezuela than Why Mine a worse Type in South Korea for $26K???
Doesn't make sens unless Bitcoin are correlating to Countries Currency's and it looks like that may be the Case which in turn Could Spell
Digital Currencies are here to Stay,,
The recent Rise back above $11K for Bitcoin and sustaining and Etching out Bottoms is another sign for Future advancement in the Digital Currency world,,
and Don't forget the Fact that Visa caught duplicate Transactions and enforced regulatory rights in cancelling say'a The Credit Card Companies are serious about Digital Currency transactions...
Yes @alanazhary. I think more and more people are going to adapt this space and put cryptocurrenices to streamline.
It will help us to get more investors in and make this arena of future millionaires and billionaires.
I wonder how much it would cost to mine STEEM in these countries?
this is why POW is outdated and really bad for crypto.
it means that nobody is even and that depending on where you live you have the option to mine or not.
proof of stake is the better option at this time and i am sure there will be new options in the future
Agree, Im sure POW is going to be outdated very soon...
It's obvious that crypto mining will move more and more towards poorer countries with small electricity cost.