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RE: Bitcoin: The World Can No longer Sustain Its Mining Costs
Great post about the Bitcoin energy problem.
Energy demand is a very real problem that few discuss.
Canada's largest energy producer - Hydro Quebec - recently announced it can't handle increased energy demands caused by crypto mining.
Montreal is a leading area for crypto mining.
Is the answer Litecoin?
Thanks for the heads up about Montreal, Canada. That would be shocking as I would expect crypto mining's energy demands to be overwhelming. True, in colder regions mining costs are lower - which may lead to either governmental support for increased revenue or banning of mining operations to sustain the country's own energy consumption.
Not sure which is better.