I think it will leads to big problem which is very serious problem because there are lots of system will be affected if there will be a energy supply for it.
I think if the government did this then there will be no more mining.
Topic: Bitcoin - What if governments restrict or block electricity supply for mining? (Read 266 times)
April 26, 2018, 11:26:35 AM
April 23, 2018, 01:56:27 AM
IF governments were to adopt such a strategy it would not be the end of bitcoin, it could easily be moved to a different method such as POS or even the difficulty could just be scaled down so that it can be mined with lower electricity usage.
You can't reduce electricity usage by "scaling" down difficulty.
People will add more and more miners as long as there is profit to be made, the only thing that truly dictates how much power all the miners are using is the block reward (+ tx fees) and the price per coin.
This would be very hard to do, it's not easy to pick out who is mining and who is just using a lot of power in their homes. So they'd have to develop some sort of system that could diffrentiate people that are just using a lot of power and people who are just using a lot of power. This is something that power companies couldn't do to find marijuana growers so I wouldn't think they could do it in crypto.
It'd be horrible if they could do it, but I doubt it could be done effectively.
It'd be horrible if they could do it, but I doubt it could be done effectively.
It's pretty simple actually, you check the total kwh consumed a month and you pick up homeowners with more than 2000kwh per month. That's only for two s9 but it is also 6 times the average consumption in Italy.
Then you look at the hourly usage and if that guy is burning the same amount hourly continuously it's definitely a miner.
Marijuana growers have different patterns in consumption from day to night and with improvements (led bulbs) they've started to use less and less energy for a plant cycle. Miners face different problems, once the cost per Thash decreases the difficulty goes up and you need more miners to make the same money and you end up with the same power bill.
April 21, 2018, 07:15:39 PM
This got me thinking. If governments wants to target Bitcoin farmers, they just have to implement the same kind of tactics as they have done with "Weed" farmers. this will only work for medium to large operations>
I did not know that weed farming require a large amount of electricity because here in my country it is grown outside in the nature and not inside, there are alternative ways to counter these solutions like solar energy is a good option where you have a lot of sunshine but you need to invest more to control the farm temperature. 
April 21, 2018, 02:52:09 PM
This would be very hard to do, it's not easy to pick out who is mining and who is just using a lot of power in their homes. So they'd have to develop some sort of system that could diffrentiate people that are just using a lot of power and people who are just using a lot of power. This is something that power companies couldn't do to find marijuana growers so I wouldn't think they could do it in crypto.
It'd be horrible if they could do it, but I doubt it could be done effectively.
It'd be horrible if they could do it, but I doubt it could be done effectively.
April 21, 2018, 02:36:03 PM
This happened approximately in China, when the miners there began to prohibit the use of cheap electric power there for the production of bitcoin and other crypto-currencies. After that, many miners immediately began to look for other places abroad with suitable conditions for the addition of bitcoin. Some moved to the province of Quebec in Canada, where there is cheap electricity and a pretty cool climate. Some were looking for this opportunity in Russia and Belarus. Belarus has a very suitable climate and preferential legislation with respect to the crypto currency. So the output can always be found.
April 21, 2018, 04:55:13 AM
if only individuals are doing bitcoin mining, I do not think it will be detected as excessive power consumption. but for a group of people doing bitcoin mining in one place, obviously it will be suspicious. but I think it can still be solved by making a small company or asking for legality in writing related to the use of electricity. because the miners also pay the fee and not a steal or use it for free.
April 21, 2018, 02:42:04 AM
That might be far from happening my friend. If they do it, not only thr bitcoin farmers would be affected but the citizens as well and I think that would be a problem to any goverment. Granting it could happend, you just need to go to DIY stores, buy some electric generator and continue farming. 
April 21, 2018, 02:34:35 AM
If it is done by the government it will be very harmful to the miner bitcoin, and the government should never do that, and we the miners must find a solution to get their own electricity flow so as not to depend on the government.
April 21, 2018, 02:06:36 AM
I don't really think that will ever happen. Even China, that shutdown exchanges and banned ICOs, did nothing against mining. A lot of fud circulated the media at that time, but nothing happened. So far, most developed countries are actually friendly enough, and although they are trying to regulate bitcoin, they are not really trying to kill it.
If they did, I think the only solution would be for real decentralization to occur, and for people all around the world to start mining BTC. Now that more companies are getting into the mining space, maybe equipment will get less expensive, and more powerful.
If they did, I think the only solution would be for real decentralization to occur, and for people all around the world to start mining BTC. Now that more companies are getting into the mining space, maybe equipment will get less expensive, and more powerful.
The Chinese government is very cunning, because the mining operations consume some of their surpluss energy/electricity and they generate some income from that, so whilst this is the scenario, they would not need to shut it down. This is not the case with many other countries, where there are a shortage of energy supply.
In countries with a shortage of energy supply, governments might react differently.
April 21, 2018, 01:40:07 AM
Most governments are fighting a War on Drugs and they use clever tactics to detect "Weed" farms. If you have a very high electrical usage, then you are flagged as a possible "Weed" farm.
I have heard about Bitcoin miners being identified as possible "Weed" farmers, because their electrical usage was above the normal average.
This got me thinking. If governments wants to target Bitcoin farmers, they just have to implement the same kind of tactics as they have done with "Weed" farmers.this will only work for medium to large operations>
How effective can this strategy be, if they want to target the big Bitcoin farmers? How can you mask your operation as a counter measure for this strategy?
I know this will never shutdown Bitcoin mining completely, but it can reduce the total hashing power.
Let's discuss.
Energy is the problem of all the nations of the world! To develop, Bitcoin and altcoin need to reduce power consumption!I have heard about Bitcoin miners being identified as possible "Weed" farmers, because their electrical usage was above the normal average.
This got me thinking. If governments wants to target Bitcoin farmers, they just have to implement the same kind of tactics as they have done with "Weed" farmers.
How effective can this strategy be, if they want to target the big Bitcoin farmers? How can you mask your operation as a counter measure for this strategy?
I know this will never shutdown Bitcoin mining completely, but it can reduce the total hashing power.
Let's discuss.
Many countries will ban the use of electricity for digital money mining!
April 20, 2018, 08:19:58 PM
If renewable energy is possible for this operation then most bitcoin farmers must consider, then this concern of yours would be answered. I don’t know much about how the government will react to bitcoin miners who transfer from each country because of restrictions.
In our country we do have freedom to choose on our privacy to hide or not because their is no threat or reason to be anonymous as it isn’t illegal. No taxation is implemented and electric company doesn’t impose higher bill but just the standard.
In our country we do have freedom to choose on our privacy to hide or not because their is no threat or reason to be anonymous as it isn’t illegal. No taxation is implemented and electric company doesn’t impose higher bill but just the standard.
April 20, 2018, 08:13:02 PM
I can hardly imagine how governments could confirm to what end electricity is being used by specific ppl or entities. I would imagine that any concerted effort to restrict electricity for miners would just make them move into the shade or decentralize mining altogether.
April 20, 2018, 08:06:23 PM
it's really true, in my country also bitcoin started hunted by the government, even not impossible later bitcoin will be prohibited in my country. it's because of the negative impact of people who commit criminals by carrying the name of bitcoin, bitcoin looks bad and leads to the bad (crime). I hope for bitcoin users, use bitcoin with good things, because if we do that, the government in any country will surely allow the circulation of bitcoin, because from the good thing it will have an impact on the good as well.
April 20, 2018, 07:48:58 PM
I don't really think that will ever happen. Even China, that shutdown exchanges and banned ICOs, did nothing against mining. A lot of fud circulated the media at that time, but nothing happened. So far, most developed countries are actually friendly enough, and although they are trying to regulate bitcoin, they are not really trying to kill it.
If they did, I think the only solution would be for real decentralization to occur, and for people all around the world to start mining BTC. Now that more companies are getting into the mining space, maybe equipment will get less expensive, and more powerful.
If they did, I think the only solution would be for real decentralization to occur, and for people all around the world to start mining BTC. Now that more companies are getting into the mining space, maybe equipment will get less expensive, and more powerful.
April 20, 2018, 07:37:57 PM
IF governments were to adopt such a strategy it would not be the end of bitcoin, it could easily be moved to a different method such as POS or even the difficulty could just be scaled down so that it can be mined with lower electricity usage.
April 20, 2018, 07:36:31 PM
Such a move can be very detrimental to bitcoin miners, and I also believe that there must be a solution, or we might be able to find another way to replace electricity from the government and we can create our own electricity with solar power or in other ways.
April 20, 2018, 07:33:35 PM
Many countries may ban bitcoin mining, but I do not believe all countries will make this decision.
With all certainty there will be countries that will be alongside blockchain technology and the crypto market and which will empower mining.
With all certainty there will be countries that will be alongside blockchain technology and the crypto market and which will empower mining.
April 20, 2018, 07:15:13 PM
For a massive mining farm, you'll need tons of solar panels to achieve a 24/7 mining operation. Imagine the needed capital for that to happen, though it still is viable in the long run I must say. Mining farms in China often use wind power and hydroelectric power to generate electricity and run their miners. If power providers won't be cooperative with you, it's best to move places and take your business somewhere else.
I actually do think that solar would be a viable option for the large scale mining farms, even for the smaller scale farms it could be doable since solar is rapidly getting cheaper every year.
A decent solar installation capable of running a couple of miners would only cost you around 10K, just giving ballpark numbers here.
A regular household can easily afford solar, at least in most western countries.
April 20, 2018, 06:35:15 PM
Most governments are fighting a War on Drugs and they use clever tactics to detect "Weed" farms. If you have a very high electrical usage, then you are flagged as a possible "Weed" farm.
I have heard about Bitcoin miners being identified as possible "Weed" farmers, because their electrical usage was above the normal average.
This got me thinking. If governments wants to target Bitcoin farmers, they just have to implement the same kind of tactics as they have done with "Weed" farmers.this will only work for medium to large operations>
How effective can this strategy be, if they want to target the big Bitcoin farmers? How can you mask your operation as a counter measure for this strategy?
I know this will never shutdown Bitcoin mining completely, but it can reduce the total hashing power.
Yeah no. Why would the govt. do that? Just to prove a point? This may potentially reduce their revenue from electricity department. Because they are already spending millions and millions of dollars for electricity through various means,then the whole money and energy would be wasted. Only china hates bitcoin that much,and it would be pretty much impossible to red flag mining/weed farms because there are so many industries in china for literally producing everything possible. I can tell you one thing and that is government won't target bitcoin miners. They have bigger fish to frry. I have heard about Bitcoin miners being identified as possible "Weed" farmers, because their electrical usage was above the normal average.
This got me thinking. If governments wants to target Bitcoin farmers, they just have to implement the same kind of tactics as they have done with "Weed" farmers.
How effective can this strategy be, if they want to target the big Bitcoin farmers? How can you mask your operation as a counter measure for this strategy?
I know this will never shutdown Bitcoin mining completely, but it can reduce the total hashing power.
April 20, 2018, 05:24:31 PM
Why would they shut down such if the farms would be abiding by the rules? Also, if you are running a mining farm in your household, why not upgrade your service type into a business one so as to remove all the red flags and suspicions against your operations? If in case there would be a shortage in power (which rarely happens), they could just simply cut off your supply or impose special rates on you or something similar along that line. Besides, if they go on crackdown mode against bitcoin farmers, it would be a loss of revenue for the electric companies, and if there isn't anything stated in the law that it's illegal to mine cryptocurrencies, it will never happen.
For a massive mining farm, you'll need tons of solar panels to achieve a 24/7 mining operation. Imagine the needed capital for that to happen, though it still is viable in the long run I must say. Mining farms in China often use wind power and hydroelectric power to generate electricity and run their miners. If power providers won't be cooperative with you, it's best to move places and take your business somewhere else.
I`m sure that, in the future,we will have mining farms that will produce their own electricity and they will be independent from the electricity network.Solar panels and wind turbines will become cheaper and easier to install.The mining farms will have to load batteries with the energy produced by the sun and wind,because of the inconsistency(there`s no wind and sun 24/7 
),but the cost of the batteries will be lower, as well.
I`ve never seen the police in my country to discover weed farms by tracking the electricity consumption.
),but the cost of the batteries will be lower, as well.I`ve never seen the police in my country to discover weed farms by tracking the electricity consumption.
For a massive mining farm, you'll need tons of solar panels to achieve a 24/7 mining operation. Imagine the needed capital for that to happen, though it still is viable in the long run I must say. Mining farms in China often use wind power and hydroelectric power to generate electricity and run their miners. If power providers won't be cooperative with you, it's best to move places and take your business somewhere else.
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