If bitcoin miners can afford to pay for their electricity at the prevailing market rate, then they are no different from any other consumer of electricity. The end.
Except they aren’t, they are high use consumers.
This is a significant difference from the majority of electricity consumers, and is more akin to industrial users.
High electrical use can strain electrical infrastructure and reduce reliability of the whole grid. Ie-increasing wear and tear on transmission lines, transformers, switches, and limiting their lifespan.
This is a significant difference from the majority of electricity consumers, and is more akin to industrial users.
High electrical use can strain electrical infrastructure and reduce reliability of the whole grid. Ie-increasing wear and tear on transmission lines, transformers, switches, and limiting their lifespan.
3
