Bitcoin and Energy

in #ua3 years ago (edited)


For any state, the first issue is the issue of energy supply. As food and water for people, electricity is primarily important for the economy.

Для любого государства первоочередной вопрос это вопрос об энергетическом снабжении. Как пища и вода для людей то для экономики в первую очередь важна электроэнергия.

If previously the bitkoine and crypto-currency were generally spoken of as a product lying beyond the influence of state power, then with increasing complexity of calculation and the growing sector in the mining of crypto-currencies, dependence on consumed electricity begins to be traced. And this is an increasing factor, the complexity is growing - the amount of energy necessary for its calculation is irreversibly exerting a decisive influence on the cost of bitcoins on the market.

Если ранее о биткойне и криптовалюте в целом говорили как о продукте лежащим вне влияния государственной власти, то с увеличением сложности вычисления и растущего сектора в майнинге криптовалют, начинает прослеживаться зависимость от потребляемой электроэнергии. Причем это нарастающий фактор, сложность растет – растет количество необходимой для его вычисления энергии непосрендственно оказывающий решающее влияние на стоимость биткойна на рынке.

In addition, there are already facts of direct influence on mining by state structures - first of all it concerns the sanctions imposed by the Chinese authorities in 2018, where 80% of all crypto production capacities are directed to entrepreneurs engaged in the crypto industry. The same thing happens in the US, but at the level of local authorities, for which the limits of electricity for consumption are already small in order to provide the mining industry without problems in their territories. Even supplying energy companies are already beginning to normalize mining, similar cases have been in Italy and Canada.

Кроме того имеются уже и факты непосредственного влияния на майнинг со стороны государственных структур – в первую очередь это касается санкций введенных властями Китая в 2018 году, где сосредоточено 80% всех мощностей добычи крипто, направленных на предпринимателей занятых в индустрии криптодобычи. То же происходит и в США, но на уровне местных властей, для которых лимиты электроэнергии для потребления уже малы чтобы беспроблемно обеспечивать отрасль майнинга на своих территориях. Даже поставляющие энергокомпании уже начинают нормировать майнинг, подобные случаи были в Италии и Канаде.

This may be a weakness of the bitcoin and the idea of the whole of the country's crypto, as well as a necessary incentive for the development of energy-producing technologies aimed at reducing the cost of energy received with increasing volumes of accessibility. But bitkoin once again can give impetus to development and progress.

Это может быть, как слабостью биткойна и идеи криптовалюты в целом, так и необходимым стимулом для развития энергодобывающих технологий, направленных на удешевление получаемой энергии при растущих объемах доступности. Но биткойн в очередной раз может дать толчок развитию и прогрессу.



That was informative piece of information! keep flourishing.

We will try. Thanks for the comment!

Many coins are moving to Proof of Stake, or using low power consumption mining alqos. But yeah SHA, Scrypt and others do use alot of power.

And yeah some cities in the US have banned mining, really rare but I have heard of it.

Best to mine in cold places and use to heat to stay warm. And maybe solar rigs, are the answer. Though you would need a really beefy setup to have any kind of hashpower.

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Yeah, will it go to proof of stake?

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The main thing is moving

Proof of Stake would be nice, like how Ethereum is switching from PoW to PoS. Solar panels are being used by some miners now.

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