Do you agree? 👀 nostr:note1z4a05024zslqyp9z2kqn0aes36g5nnfl8na4gzmkxcx7qts4vy6qplutdq
Discussion
Um no. 
Surely electricity is only oneelement of mining. What about the capital costs of the miners themselves.
No, the protocol would still work. But competition would be easier. If the underlying value of bitcoin--trustless, decentralized, limited supply, etc--is duplicated, then bitcoin would have competition. That's not necessarily a bad thing, but it's not a likely thing.
...it's not a likely thing because for the same free cost of electricity you could mine bitcoin (established market and existing high "price point") or some new market entrant. Cost v benefit, bitcoin wins.