Yeah right, how much of the hashrate can Salvador host?

OP, you've asked the question on the wrong forum, problems that might arise from a ban are simply incomprehensible here, people throw away reasons because there must be no weakness in bitcoin, so doesn't matter what happens, even if we have a nuclear war, even if the planet is wiped out bitcoin will note affected.

Just for fun, when we look at the topics about how secure the network is poeple immediately start crunching numbers, it takes 2 million brand new miners and a whole amount of power to attack the network, it's simply not possible to produce the miners or buy them.. but..The latest ban just solved those problems from an attacker point of view, not only did the hashrate drop to half, so you needed less than half of the miners needed but also there was an influx of used gear doesn't the market at cheaper prices, solving the problem of having a factory ready to assemble this for an attack.

USA banning mining? It would be terrible, just think who is going to host all that hash rate, and with what power? Salvador with its 6Twh of power and with 20% of that coming from imports? The reality is that at this point any outright ban will have terrible consequences. But you can't speak of that here or you're going to get pitchforked.


Then I'm pretty sure you have a simple explanation why would the hashrate dropped after the China ban to ~ 97.87 EH/s with the prices still at ~30k while in the previous October we had 142.94 EH/s with an average price of ~10k.
How does this make sense to you?

Because China is struggling with power shortages and is an authoritarian regime where you can be executed in public, while in most other countries capital punishment no longer exists.

The EU is not thinking of doing the same.
It's just a an opinion of some guy from European Securities and Markets Authority, which can't enforce anything. It can only recommend and threaten with fines. To ban mining they'd have to propose a bill first.

The latter.

It is definitely a potential threat, with an energy crisis going on in almost every country around the world it is possible that cryptocurrency could become the target of future laws to clamp down on waste. One of two things might happen and potentially both. It might reach the point where mining becomes prohibitively expensive and not worth the cost. Which might also tie into more media attention which attracts the ire of politicians and the general public, that large amounts of energy is being consumed by what some might see is unproductive "mining" that is purely benefiting the few at the cost of the many. Besides forcing tech companies to potentially optimize hardware, mining does not do much for most people.

Smallest miner that actually makes sense to run if you have under 10 cents power is an S9, let's assume you have only one of them.
1400W burning 33kwh a day, 900kwh a month.
Everyone who is not from the US or Canada go and look at your electrical bill and check how much you have used in one month.  

Second, miners run 24/7 it's so easy to track individual miners as no normal household would have such a huge and flat consumption all night,  even heaters or air conditioning systems do go through speeds and power left on automatic, they are not continuously using the same power.
And that's for an s9, doing the numbers for an s19 you would consume more energy in one month than the average household in France in 6.

So, pretty easy to spot individual home miners.
And the second is the noise, imagine living in one of those commie blocks of flats where you can hear farts at night and your neighbor runs a miner that makes more noise than a standard vacuum cleaner, again, 24/7.

If mining would be banned in those countries then for sure another great country will rise and miners will flock to that country. But the reality is just, whatever happens, ban here and there.

Hashrates might drop but eventually, they will increase again. That's been happening before when they keep on putting on the news about mining in ban, about the consumption of energy, etc.

That won't hold water, besides, as a miner, I'm going to tell you that anything like an apartment is a no-go for mining, even in a duplex house you're going to drive your neighbors nuts, but on top of that, you're going to drive yourself insane if you live in anything other than a house with a garage or basement to put those airplane engines on.

And as you present more and more options that could void these inconveniences, this is exactly what a ban will do, exclude categories after categories till you have a tiny speck of dust. You first cut out people who can't afford gear, poeple who won't run those things for 10$ a day, poeple who live in apartments packed houses, poeple who don't have cheap energy, and so on and on.
How many poeple do own a house far away in the farm lands?


Completely off-grid with no feed-in tariff that would allow you to pull energy during the night is a no from my point of view, you have to either purchase batteries and supersize your solar panels or shut miners during low sun hours and night. On the other side, a feed-in tariff would make anyone curious why you have that ridiculous linear consumption at night, and everybody on that plan has smart meters, one click and they see all your power draw so we're back to square one.

The obvious question nobody bothers to ask is why would the same poeple who don't mine now at home switch to mining at home when a ban is set in place? Does it make sense? Nope, it doesn't!

How about you answer the question ? Let me repeat it again in case you missed:

Why did miners abandon mining in March dropping the hash rate to ~ 97.87 EH/s when the mining revenue from one TH/s was 20 cents and they didn't do that in October when we reached 142.94 EH/s and the revenue per TH/s was 7 cents?

If it wasn't because of a ban in China can you explain from the pure economical way why would anyone chooses to shut down their operation when they were 3 times as profitable?


I'm confused, what the *** are you talking about?

Some countries do ban mining, and a few big ones can follow, but I find it extremely unrealistic for all countries to do that. Also, even when mining's banned, it doesn't mean it's literally not done in the countries that introduced the bans. It highly depends on how much the laws are being enforced, and some or a lot of underground mining can take place. Moreover, thanks to the adjustments of the difficulty rate, even if a lot of miners suddenly stopped, it would only be a problem for around two weeks, and then it would get back to normal. Of all things that can threaten the future of cryptos, I don't think mining restriction is a big issue.

threat is going to be expensive huh i guess ,
like franky1 said, alcohol and illegal drugs are prohibited, there are still many who carry out their transactions, and obviously alcohol and illegal drugs are more dangerous if misused
different from bitcoin just mining by using electricity
I think mining will still exist and will be safe unless the internet and electricity are turned off back to the stone age