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You can't really extrapolate the current growth rate. There is a maximum total mining revenue even if Bitcoin becomes the only globally used currency. The elect
by trophycase 9y ago
You can't really extrapolate the current growth rate. There is a maximum total mining revenue even if Bitcoin becomes the only globally used currency. The electricity usage likely won't exceed this unless miners begin to sell heat and displace traditional heat generation sources.
- hossbeast 9y ago"There is a maximum total mining revenue even if Bitcoin becomes the only globally used currency.". How are you coming to this conclusion? In addition to the coinbase, miners earn fees, which are valued according to current market conditions (supply and demand)