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Old November 29, 2019, 18:29   #8
meltblown
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Quote:
Originally Posted by bubbagump View Post
My understanding is the Chinese have pretty much cornered the mining and blockchain validation activities at the moment. Power costs are the big thing right now, unless you have access to free power it is not cost effective to do right now, not even with dedicated mining machines.
That's the way I have understood it. The capital to get it at this point in time is real with respect to hardware and power consumption. Some large state enterprise in China with extra blockchain capacity on a supercomputer used in surveillance and stuff can just be shifted to mining.
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