Firstly, regions/geography with cheap power and/or natural cooling are at a clear advantage with respect to payment for proof of work.
Secondly, regions where black markets thrive are at a clear advantage with respect to use and potential liquidity.
(imho)
Firstly, regions/geography with cheap power and/or natural cooling are at a clear advantage with respect to payment for proof of work.
Secondly, regions where black markets thrive are at a clear advantage with respect to use and potential liquidity.
(imho)