Most of B's views are agreed upon, but this time I might not fully agree. Electricity used for production and life can bring happiness and wealth to society. The essence of BTC, whether as gold, currency, or securities, is that it is a symbol with financial attributes. If society remains stuck in the Qing Dynasty, it will be difficult for BTC to appreciate on its own. It appreciates with social progress and wealth growth, just like the price of gold has risen over time. Without the growth of social wealth, a financial asset rising on its own is merely a speculative bubble. However, with the growth of social wealth, the rise of financial assets is a form of value preservation and appreciation. Additionally, I have some concerns about the Yarlung Tsangpo River hydropower project; such large-scale projects may impact the local geography and ecological environment. Just like after the Three Gorges Project, there were earthquakes in Sichuan, and some believe there is a correlation. In fact, if more attention is paid during the construction process, with proper scientific scale and construction management, these impacts could be reduced. But this doesn't generate profit, so it's likely not considered during construction. This is somewhat similar to using electricity not for production and life but to mine BTC. It's like some people who disregard their fans and solely use AI to write for quick money; they might make a lot of money in the short term, but not necessarily in the long term.
Bruce J
Bruce J24.7. klo 05.32
Let's start again: "If the Brahmaputra River hydropower project mines Bitcoin How long will it take to pay back? 》 1. The investment in hydropower stations is 1.2 trillion yuan, equivalent to US dollars = 165 billion The total installed capacity is 70,000 MW 2. The construction cost of the mine is 70,000 MW * 20W = 14 billion 3. Mining machine cost 140*2.5=35 billion Total investment of 214 billion (USD) Total computing power ~2800EH/s To be honest, we can't guess this Because the computing power of the entire Bitcoin network is only 950EH/s The electricity of this hydropower station is mined if bitcoins are mined The total computing power will be 3 times that of the current computing power of the whole network! This account can't be settled 🤯🤯 at all We can only work backwards: At present, more than 1 million $BTC have not yet been mined Suppose 1 million of them were dug up by the Brahmaputra River hydropower station Then Bitcoin will rise to: at least 22W/coin This has just paid for itself A pure nonsense push, don't be more serious 🤭
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