<h1>Bitcoin Mining Is Rapidly Heating Up</h1>

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The battle is on what was once country vs country is now business vs business and it's heating up quickly! There are a number of negative side effects of this and while yes some will argue about it to me it's clear that Bitcoin itself PoW algo obsolete and is being more and more centralized by wealthy few which is pulling us right back to the current issue we have with governments and a wealthy few having all the power.

There was once a time that mining bitcoin with your personal computer was fair game. However that quickly changed with Asic miners came online and from that continued to centralize more and more to companies that are able to afford and lock up thousands of these Asic miners before they even hit the open market.

It's incredible inefficient in terms of the amount of energy they use and also the hardware as these miners have one purposes only and that's all they can really do. That's a lot of metal and circuit boards that pretty much would end up in the trash if PoW disappeared as I don't believe they have any other abilities they are rather dumb machines.

### Riot vs Bitdeer

Bitdeer is a new comer to America it's the spin off company of Bitmain a Chinese company so what makes you wonder is most likely China still has it's hands in crypto but it's done on other soil instead of their own now. While they so called "banned" bitcoin in their country I firmly believe they are simply establishing companies in other countries to use their resources and push the funds back to their government.

Riot Blockchain Inc (RIOT) currently sells for $28.13 it's been trading sideways for the last 6 months for the most part and offers no dividend yield. The company is very transparent and offers outside views into the facility.

BitDeer is super secretive and no one even can get into the buildings even though it's wildly open. It's built on an old Alcoa site that used to be used for creation of aluminum and has very little security yet trying to get news agencies in there seems to always be pushed back.

### Extra Power Extra Mining

What's really cool about these two however and their location is the way in which they work. With an electoral grid a power plant needs to constantly push power out on the line weather it's used or not. It's hard to find a real number but some estimates put 50% and even as high as 71% of the power on the grid simply gets wasted.

What's interesting about these plants is they use this extra power and put it to work however under their current agreements if the power grid become strained they can quickly shut down and reboot back up within seconds. This to me is the "Smart" method that more operations need to start using. However the big issue with all of this still comes down to centralization of which these few mega companies now own a vast majority of the mining power of bitcoin leaving your every day joe in the dust.

### MY Thoughts

If bitcoin doesn't change how it's mined I firmly believe it will die in 10 years. Not fully but ok instead of die lets say replaced but a more efficient and even playing field crypto (pool of cryptos as I don't believe there will be one that takes over all)

However during that 10 year span I believe it's going to fuel a ton of what we call renewable energy and drive more tech to make these systems more efficient and not use oil themselves. AKA wind turbines still need oil to grease their gears and solar panels right now use oil resources as well such as plastics. However this entire money driven economy is perfect for fueling these new techs and offering up greener solutions and I see that as one very positive that can come out of all of this. 

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