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Towns and Cities Against Noise and Power Hogs

In: The Bitcoin Dilemma

Author

Listed:
  • Colin L. Read

    (SUNY Plattsburgh)

Abstract

By 2016, the Application Specific Integrated CircuitApplication Specific Integrated Circuit (ASIC)-based Bitcoin AntminerAntminer S9s became available. Earlier machines were no match for the S9S9 miners that appeared en masse in 2016. They represented a huge increase in mining efficiency that moved bitcoin beyond hobby mining to corporate mining. Corporate miners scoured the world for cheap power and converged on localities best able to provide the most power at the cheapest rate with the least regulation. Localities rarely knew what hit them, at first.

Suggested Citation

  • Colin L. Read, 2022. "Towns and Cities Against Noise and Power Hogs," Springer Books, in: The Bitcoin Dilemma, chapter 0, pages 107-112, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-09138-4_10
    DOI: 10.1007/978-3-031-09138-4_10
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