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by ursuscamp
1142 days ago
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Your articles don't say anything about raising electricity prices for consumers, except to speculate about it. At least the NYT piece recently on Bitcoin mining cited a study saying there was a 5% increase in electricity bills because of Bitcoin mining, even if it was using secret data. Again, I would point out (not for you since your reasoning is clearly motivated, but for anyone else reading it) that Bitcoin miners overwhelmingly use electricity that would go to no other use, and thus is incredibly cheap, and would naturally be expected to have little to no effect on average electricity bills. |
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