Bitcoin Forum
May 27, 2024, 12:16:54 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Is America the best option?  (Read 218 times)
stompix
Legendary
*
Offline Offline

Activity: 2898
Merit: 6365


Blackjack.fun


View Profile
January 12, 2023, 01:15:53 PM
 #21

Bitcointalk has been working in Russia through VPN for a long time, but I don't have much difficulty with blocking. Some pools blocked Russian IPs, but they didn't stop working with Russian miners. I think that at the end of the year mining statistics will change a lot in favor of Russia.

And when you access Bitcointalk through a VPN how does that look in statistics? Russian IP or German whatever?  Wink
Rather than risk your data not reaching other nodes that fast because of troubles afterward and over which you have no control, you'll switch to having all of it virtually in another country from which on there is no blocking. That's what happening and it has nothing to do with the real activity on the ground, that's also the reason that probably it will take the actual hash rate deployed to double to see even a bump in statistics that rely on IPs.

What you would also need to consider that New York and Texas beginn to regulate or even ban crypto mining in large quantities.

Banning new farms with over x capacity yes, ban on already running farms that have not happened and probably will never. Besides, those bans were in a place where already the grid was maxed, so despite them getting approval to relocate there was already no cheap energy left.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
bitcoindusts
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 269


View Profile
January 13, 2023, 02:15:44 AM
 #22

What you would also need to consider that New York and Texas beginn to regulate or even ban crypto mining in large quantities.

Since most of the hashes is located in New York and Texas, if these state regulate to the extent of banning crypto mining in large quantities, it will have a huge impact on the cryptocurrency.  Imagine a sudden huge decrease in hash will affect the bitcoin performance since the difficulty needs two weeks to readjust.  During those time it would be hard for the Bitcoin hashrate to solve blocks due to very high difficulty in ratio to the existing hash rate after mining farm in the two state close.

Second it also affect miners since they need to relocate which may result in increase energy consumption and maintenance costs for those miners.  It also affect the economy of the state and employment  of people that works on that sector.  More or less it will have a negative impact on the sector stated if ever the two states implement ban on crypto mining in large quantities.

FP91G
Legendary
*
Offline Offline

Activity: 1652
Merit: 1053


View Profile
January 13, 2023, 12:24:45 PM
 #23

Bitcointalk has been working in Russia through VPN for a long time, but I don't have much difficulty with blocking. Some pools blocked Russian IPs, but they didn't stop working with Russian miners. I think that at the end of the year mining statistics will change a lot in favor of Russia.

And when you access Bitcointalk through a VPN how does that look in statistics? Russian IP or German whatever?  Wink
Rather than risk your data not reaching other nodes that fast because of troubles afterward and over which you have no control, you'll switch to having all of it virtually in another country from which on there is no blocking. That's what happening and it has nothing to do with the real activity on the ground, that's also the reason that probably it will take the actual hash rate deployed to double to see even a bump in statistics that rely on IPs.

These statistics do not contain Russian IP addresses.
https://bitcointalk.org/myips.php
There are a lot of Russian miners in the telegram, so I only need VPN for this forum.

Bitcoin Mining in Canada: 2022 Recap and Looking Ahead to 2023
2022 was a disappointing year for Bitcoin mining in Canada. Can the industry overcome political and economic headwinds in 2023?
https://hashrateindex.com/blog/bitcoin-mining-in-canada-2022-recap-and-looking-ahead-to-2023/
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!