We all know that one factors that those anti bitcoin used against us is the amount needed to operate a bitcoin mining farm. And they want as far as saying that its affecting the environment. Now, with the news that Australia would tap and used solar as a renewable source to mine bitcoin. Its cheap and its abundance in Australia. This is a great opportunity and we might see Australian companies looking at this ventures in the future. And we can also mitigated the massive electricity it demands and well as the impact on the environment.
How much cheaper or more expensive would renewable energy use be for the miners in a developed country? I reckon coal, up to now, is the cheapest method to generate electricity, especially in developing countries.
