Bitcoin's mining difficulty has increased by 41.9% over the last 30 days

Re:Bitcoin's mining difficulty has increased by 41.9% over t... by maaku on Tuesday December 22, 2015 @12:28AM (#10776016)

USA (Washington state) has the cheapest power in the world (at volume -- places like Iceland are cheaper/nearly free, but with too limited capacity for large scale mining).

[ Parent | on HN ]

Re:Bitcoin's mining difficulty has increased by 41.9% over t... by lmm on Tuesday December 22, 2015 @06:27AM (#10777089)

Really limited capacity? They run aluminium smelters in Iceland, I can't imagine bitcoin mining requires more power than that.

[ Parent | on HN ]

Re:Bitcoin's mining difficulty has increased by 41.9% over t... by maaku on Tuesday December 22, 2015 @07:02AM (#10777228)

At that price point, yes. Maybe the problem has been not enough power required... I don't know. I just know that most bitcoin companies in Iceland have moved or are moving to get cheaper power elsewhere.

[ Parent | on HN ]

Re:Bitcoin's mining difficulty has increased by 41.9% over t... by Scoundreller on Tuesday December 22, 2015 @01:08AM (#10776139)

Therein lies the problem: New users pay the average price, but new capacity has to be built at the marginal cost.

[ Parent | on HN ]

Re:Bitcoin's mining difficulty has increased by 41.9% over t... by Viper007Bond on Tuesday December 22, 2015 @05:28AM (#10776881)

Washington and Oregon sell a lot to the SW. Google just built a big data center here near a dam from a huge city for power reasons.

[ Parent | on HN ]