Yunon Jin
@yunonjin
I came across a recent analytics about mining, and I was very surprised by the cost of mining 1 bitcoin They say that nowadays it costs more than 100K bucks per bit. It is clear that the cost will vary depending on the price of energy in a particular region. But either way, the figure is pretty impressive. More importantly, based on this figure, we can conclude that the cost of bitcoin should grow significantly, and in the very near future. No one will mine bitcoin at a disadvantage. On the other hand, such an unpleasant prospect for miners may entail unexpected solutions. For example, the invention of cheap and renewable sources of electricity.
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