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RE: Bitcoin Bulls - Silver Lining in China Mining Ban
I think the only issue is the electricity in China is really really cheap which makes mining Bitcoin profitable. Countries where the cost of electricity is higher will not get as good a reward as China do so the uptake might not be as much.
You are right though, it is better to not have to much power in one place.
That's true! They have had a big advantage over other parts of the world where electricity is significantly more expensive. I hope we can find cleaner energy which is cheaper and better for environment.
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