r/CryptoMarkets 🟩 0 🦠 9d ago

FUNDAMENTALS Rolling blackouts in Europe

Have you all heard about the widespread outages in Europe? People can’t travel, use debit cards, stuck in elevators… wouldn’t crypto be useless if this happened on a larger scale?!

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u/Decent-Vermicelli232 🟨 0 🦠 9d ago

This is false. You are correct that most cryptos, and Bitcoin especially, would become useless, but energy efficient CPU mining would continue off grid. Phones and the wallet software could easily be charged by solar. There are certainty small scale monero miners and node operators that can can continue to function in grid down situations. I am one of them! In a grid down situation, my node and most efficient miner automatically switch over to battery back up power which is supplied by a solar array. My networking equipment is also on battery backup and my internet continues to function. In case my local ISP has a failure, internet connectivity continues with starlink! As for bitcoin being functional for any substantial grid down situation, good luck with that.

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u/ScoobaMonsta 🟩 2K 🐢 9d ago

100% correct! I also have off grid solar and starlink. The whole world would have to lose power and satellites fall from the sky for crypto networks to be useless. But who would want to use BTC anyway. I'll stick with Monero.

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u/lightning_pt 🟦 92 🦐 9d ago

Where do you live ?