I can assume the majority of mining farms will stay in China and this is it, because they have cheap electricity.
They will flourish in this business and we can expect further development to come from theirs labs.
But eventually difficulty will come to one point where further rise will be non profitable and will stay there for some time. But price (demand) dictates tempo of mining.
This would be a very bad assumption. China really doesnt have cheap power at all. The VAST majority of power produced in China is coal based. That means it costs a good $0.07/kwh just to produce the power on average when you factor in the retrieval, transportation, and processing of the coal to make power.
okay the facts to back your claim up are on wiki
https://en.wikipedia.org/wiki/Coal_in_Chinabut they are not enough facts
they also have 282giga watts of hydro power
https://en.wikipedia.org/wiki/Electricity_sector_in_China#HydropowerHydropower[edit]
China's installed hydro capacity in 2014 was 282GW[8] up from 172GW in 2009 and constituted about 17.3% of total power generation capacity. In 2014, hydropower generated 1000TWh, which was equivalent to 17.6% of China's total and 85% of primary electricity generation. As China's potential hydropower capacity (estimates range up to 600GW, but currently the technically exploitable and economically feasible capacity is around 500GW[18]) is only about 50-60% utilized, there remains much space for further hydro development. In comparison, hydro utilization in the U.S. currently is 80% and in Norway, Iceland, and other countries it is at over 90%. The country has set a 350GW target for 2020. Due to China's scarcity of fossil fuels and the government's preference for energy independence, hydropower is an attractive option.
that 282 giga watts of hydro power is cheappppppp power!
the world BTC network is 1200ph.
at .5 watts per gh .
you need :
6 watts for 12 gh
60 watts for 120gh
600 watts for 1200gh
6000 watts for 12000gh or 12th
60000 watts for 120000gh or 120th
600000 watts for 1200000gh or 1200 th or 1.2 ph
6000000 watts for 12000000 or 12ph
60000000 watts for 12000000 or 120ph
600000000 watts for 12000000 or 1200 ph
600,000,000 watts
600,000 kwatts
600 mwatts
.6 gwatts this is all of the btc net work
so 10x it for worst power efficiency and alt coins and all the mining in the world is 6 gwatts
and china has 282 gwatts of cheap hydro power.
and china has 800 gwatts of costly coal power.
so the big chinese farms have 6gwatt of 282gwatt at the worst.
reality is I have no idea how much of the way big 6 giga watts is in china and I 10 x the number
so more then likely they have 1 giga watt max and access to 282 gigawatts of hydro.
so while there is tons of coal 70 to 30 percent there is plenty of hydroplants to use to mine with.
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