4 ms·
World adoption -> increase in BTC/USD value (lambos!) -> USD block reward increase -> more GWs spent mining. It's not linear at every stage (for example, more
by YjSe2GMQ 8y ago
World adoption -> increase in BTC/USD value (lambos!) -> USD block reward increase -> more GWs spent mining.
It's not linear at every stage (for example, more USD per block reward will reboot Bitmain to produce even more efficient miners, which will eat up some of the rewards) but it's close enough to be concerned.