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Michel Rauchs: Benchmarking Bitcoin

Crypto Voices

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Is It a Green Coin?

It seems that miners tend to go to countries with a little bit excess renewable exporting energy, whether that is anecdotal or truly fact. So it's definitely a fact that miners really flock to regions where there's endless supply of low-cost electricity. But the problem is that this is just a snapshot of a point in time, right? And so you never know exactly how many renewables are being used. That makes it just so difficult to remake any informed statements about this.

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