bitcoin is one of the world's juiciest prizes for hackers. there must be thousands or tens of thousands who've tried to break it, let alone governments and banks, and they all went away with their heads bowed.
this forum would not still exist if bitcoin had been cracked. if it is we'll sure as hell know about it.
Topic: Are Bitcoin miners still good to go? - page 4. (Read 277 times)
there are still many countries where electricity costs are so low, and by the way no one can ban effectively mining.. i mean, ok they could check the ones that mining hard and use a lot of energy, but if me and you put some hardware in our houses, no one will check if we are mining or not 
Renewable energy is the best reply to all electricity related issues. Why not adopt Solar, wind or thermal sources of electricity generation and use the electricity produced.
Solar energy equipment are now becoming cheaper. In days to come these will become more cheap. I think within two three years cost wise solar energy equipment will be available at very low prices and then there will be no problem of electricity.
Still if it is used, it is not so expensive.
So higher electricity bills is the problem of the past.
Solar energy equipment are now becoming cheaper. In days to come these will become more cheap. I think within two three years cost wise solar energy equipment will be available at very low prices and then there will be no problem of electricity.
Still if it is used, it is not so expensive.
So higher electricity bills is the problem of the past.
Because it costs so much electricity, several countries have imposed restriction on mining activity?
Correct. Mining has been regulated in many countries due to high electricity consumption and there is no other reason for restriction. I think Bitcoin mining will take some more time and consumption of electricity is more compared to Ethereum or other altcoins. If you don't have a cheap electricity then all your earnings will be paid for electricity I suppose.
Lot of distress you need to battle with when it comes to mining. People, family , friends
These people will eventually contradict your decision in life and it's hard to make which path to take. Not mentioning a good current of electric you might going to need also.
These people will eventually contradict your decision in life and it's hard to make which path to take. Not mentioning a good current of electric you might going to need also.
thats why theres a consensus using PoS its much cost effective.. and also other consensus is being used.
Because it costs so much electricity, several countries have imposed restriction on mining activity?
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