3 ms·
if this happens, bitcoin would become valueless. The value of bitcoin comes from the fact that you can't just pump them out, the energy requirements required t
by vivekd 10y ago
if this happens, bitcoin would become valueless. The value of bitcoin comes from the fact that you can't just pump them out, the energy requirements required to solve the calculations required for mining are one of the limits to bitcoin production. Free energy like feasible solar or dyson spears would just be a license to print free digital currency making it worthless.
- aakilfernandes 10y agoThe network recalculates payoffs based on the hashrate. If electricity becomes cheaper, hashrate goes up, and the payoff per hash goes down.
- adrianN 10y agoDyson spheres are not free to construct and the energy they provide is limited.