Is it the beginning of the often anticipated Hash-Race or a kind of War of Hashes? Russia seems to be more and more aware of the geostrategic importance of an uncontrollable ledger and payment system and now starts to promote investments in the industry. How the expropriation of the russian central bank could have been a viable idea?? I will never understand one of these polit-clowns.
12 sats \ 1 reply \ @siggy47 12 Feb 2023
I wonder how this plays out. It's obviously positive for bitcoin in some respects, but it could also foster in the west a sense that buying bitcoin is funding Putin. I'm sure this propaganda will be pushed.
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0 sats \ 0 replies \ @TomK OP 12 Feb 2023
Let them play their propaganda game. The masses are now destracted by aliens and UFOs which is good. I need more time to get my corn...
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1 sat \ 3 replies \ @notgeld 12 Feb 2023
Miners can't invest in Russia. It can't produce ASIC chips. There is no proper institutional climate and capital markets to prop up public miners.
The truth is Russia is depopulating, Siberia is largely uninhabited, there is no industry to make a substantial demand for energy.
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0 sats \ 2 replies \ @TomK OP 12 Feb 2023
What about chinese chip manufacturing?
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5 sats \ 1 reply \ @notgeld 12 Feb 2023
Yes, they could ship chips to Russia but then it must outcompete rest of the world in bidding for these chips. I doubt this is possible unless North American market gets totally saturated. Even so, I think NA miners start selling used equipment and buy new instead. Russia may buy used equipment but this will be always not really competitive way to win market. Only for those who have really cheap energy. Almost free.
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0 sats \ 0 replies \ @TomK OP 12 Feb 2023
Thanks for Your info! And greets
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1 sat \ 0 replies \ @mallardshead 12 Feb 2023
deleted by author
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0 sats \ 0 replies \ @01xCc 12 Feb 2023
это самый малый % того что имеется в сети... что такое настоящяя децентролизация??? у каждого жителя по майнеру...)))
Россия есть центр энергетики планеты... нефть газ уголь уран ядерное атомное... тут все просто... сколько можно майнить на 1 куб газа монет биткоина??? а какова его цена??? значит цена газа = цена биткоина))))
гонка только начинается)))
как победить??? просто ... подними цену биткоина до 2000 000 000 000.....
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0 sats \ 0 replies \ @TNStacker 12 Feb 2023
Bitcoin does not care.
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