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The energy cost of mining gold is proportional to the price of gold.
by hndamien 8y ago
The energy cost of mining gold is proportional to the price of gold.
- moomin 8y agoWhen discussing environmental damage, I’m not sure gold is the thing you want to be comparing to.
- hndamien 8y agoJust making a point about the economics. The environmental destruction is caused by the energy production in the case of Bitcoin mining. In the case of gold mining, it is done by the mining.