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RE: Bitcoin Mining Vs Electricity Consumption

in #cryptocurrency6 years ago

@voluntary-io is probably correct when he/she says that the high cost of electricity makes mining in the UK unprofitable. The only thing that will cause an electricity crisis will be the advent of electric vehicles. Here in the UK, we are being bombarded with propaganda by the Green lobby to move over to electric cars. What they seem to forget is that charging these vehicles will require a huge investment in new power stations. That worries me more than crypto mining. Thanks for the post.

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