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Re:Bitcoin network power slumps as Kazakhstan crackdown hits... by X6S1x6Okd1st on Thursday January 06, 2022 @04:47PM (#29830732)
They won't stay off until it's not profitable anymore. Unfortunately bitcoin community has ossified & it seems unlikely that they will solve the problem (i.e. reduce block subsidy, move to PoS). The price needs to go down or some regulation needs to be applied to either increase cost of electrity from dirty sources (i.e. carbon tax) or make cryptocurrency less attractive (e.g. China has been moving in this direction)
Re:Bitcoin network power slumps as Kazakhstan crackdown hits... by sudosysgen on Thursday January 06, 2022 @04:55PM (#29830847)
Eh, no. The Bitcoin mines are actually threatening the government, because they are contributing to a local rise in the price of gas and electricity which is driving revolts. So the government is definitely going to kick them out.
Re:Bitcoin network power slumps as Kazakhstan crackdown hits... by stubish on Thursday January 06, 2022 @07:46PM (#29833066)
It also depends where the profits are going. Governments don't want their energy subsidies draining their country of funds.