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by WangComputers 1800 days ago
A waste of what?

These were ASIC computers which were stealing electricity, all they can do is mine crypto, so what else are they good for except getting squashed?

1 comments

Bulldozing makes it harder to recycle. This also decreases supply of miners (though perhaps not materially) making it more expensive to mine, raising the price of Bitcoin, creating more incentive for electricity theft.
>This also decreases supply of miners (though perhaps not materially) making it more expensive to mine

Only in the short term. Difficulty adjustment makes the total mining power irrelevant over the long run.

"raising the price of Bitcoin"

Get back to me when that happens