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No it doesn’t, assuming the mining tech improves via FPGA and ASIC, leading to more hashes per KWh. It’s very hard to predict the future ratio between hash rate
by nikanj 7y ago
No it doesn’t, assuming the mining tech improves via FPGA and ASIC, leading to more hashes per KWh. It’s very hard to predict the future ratio between hash rates and mining rewards.
- modeless 7y agoImprovements in mining tech do not change the total amount of Bitcoin earned by mining, and thus the budget miners collectively have to buy electricity. Efficiency of mining is irrelevant because the difficulty adjusts to keep the mining rate stable, and the total number of Bitcoins available to mine is fixed and unchangeable.