Yes, that's true globally for the most part but bitcoin can relocate to those places where electricity is particularly cheap which is normally near hydroelectric, solar, and wind farms for the main reason that it is cheaper than burning oil. For example, Iceland has many miners because of the geothermal energy, and in China, they were using mainly hydroelectric.

That's the beauty of Bitcoin, they can follow cheap electricity production thus promoting green energy

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Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.

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Alberto Guerrero

Alberto Guerrero

Author of ´Bitcoin For Mere Mortals´ available @Amazon. Subscribe and drop me a line and I’ll send you a copy for free, no strings attached.

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