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by rothbardrand 3153 days ago
Worth noting that the vast majority of bitcoin is mined from hydroelectric power.

Ironically for the ether pumpers on this thread, the primary crypto currency that is powered by burning coal and oil is ethereum.

1 comments

Do you have numbers to support this. Because, as they say in the industry: if all we have is opinions, let's go with mine.
It has to be, otherwise there is an arbitrage opportunity : hydroelectric power is the cheapest there is.
Well, I hadn't really looked in to it before, but a bit of a search proves your both right.

Forbes says "The largest share of the miners are located in China, close to the border with Tibet where cheap hydropower is relatively abundant."[1]

1.https://www.forbes.com/sites/peterdetwiler/2016/07/21/mining...