There is a chance that large scale bitcoin mining operations could create an excess of green / carbon negative energy that finds its way to non-bitcoin people in the next decade. Rationale explained.
https://ift.tt/z2mSEaw
**TL;DR – The ASIC mining landscape is evolving. Future scheduled halvings may reduce the future overall necessary hashpower to maintain integrity for the bitcoin blockchain. The present hashpower we see might be considered a “peak”. There is a possibility that some miners today relinquish their future green energy and that it gets put back on the grid. None of this will compromise safety of the bitcoin blockchain.**
Scheduled bitcoin halvings: https://ift.tt/xfnVTal
Present bitcoin hashrate (click “all time”): https://www.blockchain.com/charts/hash-rate
I **do not** hold anything like a Six sigma blackbelt (which makes you a master manufacturer), but I’ve worked for various PC hardware manufacturers, so I have a bit of familiarity with this market from first hand experience.
Let’s start with the ASIC chip landscape: right now the world is a little-bit bottle-necked with production surrounding every device you can think of from GPUs to modern vehicles because of one major semi-conductor manufacturer: TSMC, and this has caused mining ASIC devices and GPU prices to climb faster than a brand new Rolex watch 1 year after its purchase. Intel is getting in to the ASIC manufacturing game and this will reduce scarcity of these devices significantly. However, I’ve seen and heard ideas like miners will be able to “build their own ASICs” a little something like how you can build your own PC, but I imagine the level of customization will be limited.
This part is **slight** speculation, and relies on hearsay from Michael Saylor on a podcast, however: the next 2 bitcoin halvings could potentially reduce the amount of hashpower necessary to maintain the bitcoin blockchain, and mining devices then will be far more energy efficient – if nothing else I don’t see it growing much more. With that in mind if you run a large-scale hydroelectric, solar, wind, or nuclear-powered bitcoin mining operation then it may be possible that the energy used to maintain that operation today is higher than it will be later. That energy still has to go somewhere.
Maybe it will go to the grid instead?
Cryptocurrency
