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2023-09-11 14:00:07

taran-dallben on Nostr: Interesting note. Rico in your opinion does this also hamper #Bitcoin adoption in EU? ...

Interesting note. in your opinion does this also hamper #Bitcoin adoption in EU? Obviously there are many tech-saavy Europeans who use or hodl Bitcoin, but I’m especially talking about government. They have less incentive to be Bitcoin friendly when their economy won’t benefit financially from mining. In contrast, in the US you have lots of industry lobbying government to be Bitcoin friendly.
I really like to but mining a 25.000€ bitcoin in Germany cost >50.000€ (plus hardware, rent, staff, insurance,....)
North America looks like the best place to set up mining operations, it is a technologically advanced region, good infrastructure, has affordable and stable electricity, is a functioning nation and so forth. Energy prices will only go up in Europe, there will be no European mining operation except proof of concepts or for educational purpose in the foreseeable future. I say the North American bitcoin mining industry keeps growing.



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