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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://futurism.com/future-society/bitcoin-crashing-miners-unplugging-equipment[/quote]

I thought the price automatically adjusts higher when there are fewer miners, or the solution gets easier using less electricity?[/quote]

Ha ha where did you hear that?[/quote]

DP. Yes, that's how bitcoin works. That is, the work to mine the next blocks gets easier if there are fewer miners.[/quote]

Electricity is MUCH more expensive now, as is the hardware, will compute power eventually fall enough it would work on a phone for mining or is the base level algorithm still require enough horsepower that expensive electricity and hw could make it unsustainable?[/quote]

No, the miners are concentrated in places with cheap access to electricity. Even then, you need specialized hardware to profit from mining.[/quote]

AI data centers will be building there too and compete for that cheap power. [/quote]

Data centers need to be near population centers to reduce latency, and they obviously need high speed network connectivity. Bitcoin miners don't need either. They can be in the middle of China as long as there's cheap power and even slow internet.[/quote]

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