Which of the following are assumptions made about the UPPER bound for the energy used for mining Bitcoins? (check all that apply)
| Everyone mines at the maximum claimed efficiency | Wrong |
| Miners mine up to the point that all of the money they earn is used to pay for electricity | Correct |
| The energy efficiency of mining hardware decreases with age | Wrong |
| Everyone mines where it is cold (cooling doesn't consume energy) | Wrong |
| Miners all pay the same for electricity | Correct |
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