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RE: What Happens When Bitcoin’s Mining Reward Goes to Zero?
Yeah for you as an individual, but for the companies who can manufacture the equipment or those who can purchase in large quantities at low levels, really have to think about the cost of electricity as the biggest input. Mining is centralized in China because for the moment they are getting extremely cheap electricity rates.
Yeah, electricity costs do play a huge role in this. Maybe one good thing that will come out of it is increasingly more efficient and cheaper ways to get electricity.