I believe the crypto industry may experience a catastrophic blow, especially to ASIC mining. This means you should seriously consider selling / converting most of your crypto holdings before this PoW extinction event.
The largest nations will eventually mandate all electrical goods to be fitted with a Secure Element / TPM chips. Although some of these chips will talk via 5g / wifi, all of them will be talking directly over the power lines they are connected to. Think of it as an IMEI or MAC address for every electrical product. If the communication link is blocked / tampered with, the appliance will not work without significant hacking / impairment.
We have already seen how a diverse range of technologies from phones to door cams have been misappropriated to "protect us". Whether it's COVID, ransomware, terrorism or pedophiles, governments have long stepped over the mark. And now the seeds have been sown in the name of climate change. The propaganda about bitcoin mining and the environment will continue. Already we hear concerns about market "distortions" of video cards in GPU mining. We hear about power efficiency and consumption ratings when machines are idle. We hear how some of Nvidia's cards are forbidden for use in data centers. The reasoning behind all of this (or lack thereof) is not important, only that a certain narrative is being spoon fed to us. And when they are ready to pounce, they will say, "you already did X and Y, now you can do Z". And you will buy these appliances because they will be cheaper and convenient...
And then one day they finally flip the switch and they say, "we must all work together to fight climate change, we must limit our usage of gaming, or aircon, or washing machines". And then, just like net neutrality, goodbye power neutrality.
"We identified your computer was working too hard. Please save your work, your device is about to hibernate for two hours".
"Your bitcoin miner / dash masternode is using too much continuous power"
"Yes, some of our friends have devices that continue to work, this is to protect our infrastructure"
The largest nations will eventually mandate all electrical goods to be fitted with a Secure Element / TPM chips. Although some of these chips will talk via 5g / wifi, all of them will be talking directly over the power lines they are connected to. Think of it as an IMEI or MAC address for every electrical product. If the communication link is blocked / tampered with, the appliance will not work without significant hacking / impairment.
We have already seen how a diverse range of technologies from phones to door cams have been misappropriated to "protect us". Whether it's COVID, ransomware, terrorism or pedophiles, governments have long stepped over the mark. And now the seeds have been sown in the name of climate change. The propaganda about bitcoin mining and the environment will continue. Already we hear concerns about market "distortions" of video cards in GPU mining. We hear about power efficiency and consumption ratings when machines are idle. We hear how some of Nvidia's cards are forbidden for use in data centers. The reasoning behind all of this (or lack thereof) is not important, only that a certain narrative is being spoon fed to us. And when they are ready to pounce, they will say, "you already did X and Y, now you can do Z". And you will buy these appliances because they will be cheaper and convenient...
And then one day they finally flip the switch and they say, "we must all work together to fight climate change, we must limit our usage of gaming, or aircon, or washing machines". And then, just like net neutrality, goodbye power neutrality.
"We identified your computer was working too hard. Please save your work, your device is about to hibernate for two hours".
"Your bitcoin miner / dash masternode is using too much continuous power"
"Yes, some of our friends have devices that continue to work, this is to protect our infrastructure"
