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> High price of bitcoin resulted in surge of "bitcoin is a fraud" kind of articles to HN. The higher the price, the more energy miners can profitably use. The
by paulgb 9y ago
> High price of bitcoin resulted in surge of "bitcoin is a fraud" kind of articles to HN.
The higher the price, the more energy miners can profitably use. The environmental aspect of bitcoin is getting attention because the carbon footprint is no longer hypothetical.
- polkovnikov-ph 9y agoLet's look at previous May. So you're sure the reason of the "bitcoin is a fraud" surge is x5 increase in hash rate, and not x10 increase in exchange rate? Look, it got twice as efficient in half a year, and yet they go with their hypocrisy on bad environmental impact!