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Why would they do that, it makes no sense. All it would do is burn more energy.
Quote from: Ander on April 08, 2015, 12:38:16 AMWhy would they do that, it makes no sense. All it would do is burn more energy.https://www.quora.com/Why-does-China-seem-to-have-the-majority-of-volume-trading-of-Bitcoin-and-what-might-this-suggest-about-its-use-as-a-virtual-currency
Quote from: luckybit on April 08, 2015, 01:11:20 AMQuote from: Ander on April 08, 2015, 12:38:16 AMWhy would they do that, it makes no sense. All it would do is burn more energy.https://www.quora.com/Why-does-China-seem-to-have-the-majority-of-volume-trading-of-Bitcoin-and-what-might-this-suggest-about-its-use-as-a-virtual-currencyNothing 'happens' to PoW if governments subsidize energy usage.. it just means the costs associated with mining are reduced.
Right but what if all mining is done in a certain territory because of this? Doesn't this cause geographical centralization of mining?
Suppose China, the USA, and other governments were to pass laws for mining subsidies similar to what we have with food subsidies? Would that be an attack on PoW?
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