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The energy cost of mining bitcoin equates to exactly what people are willing to pay for it. If the cost of mining increases, profits decrease, and the system
by xdeqx366 9y ago
The energy cost of mining bitcoin equates to exactly what people are willing to pay for it.
If the cost of mining increases, profits decrease, and the system re-equalizes.
It is simply another market, BTC/kj.
- Retric 9y agoEnergy costs are only part of the equation. The point where people buy new equipment is significantly different from the point where they turn off equipment they already own.