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Ok all in this article is true and explains the price of bitcoin. because in reality the price is nothing but the operating cost of maintaining the network - so it is a real power energy. (ignore cost of gpus and internet access) Some day it will go down for fuck. in real.
What are your costs when you keep your money in your pocket? ZERO electric power. Even maintaining a banking system is not power-hungry as millions of computers in the world - which dig the currency and transactions. ( and to be clear most of this computers are in china)
of course, as the network grows, power consumption will rise as well as the price - like 20,000? 40,000. 60,000. maybe 100,000 but bitcoin's currency does not represent anything, no one wants to pay it and will not pay for one reason, why should I pay the currency that grows 100% during the week of the day or hour?
edit:
AntPool — 17.82%
DiscusFish/P2Pool — 16.49%
BTC China Pool — 13.74%
BW Pool — 7.68%
total over 55% all in china. (data from 2015)
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