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The logic is wrong here. Assuming bitcoin is a deflationary asset I.e. constantly goes up, the value of any bitcoin will be worth more than the energy used to
by fat_pikachu 6y ago
The logic is wrong here. Assuming bitcoin is a deflationary asset I.e. constantly goes up, the value of any bitcoin will be worth more than the energy used to mine it.
For example, mining the first bitcoin didn’t create $50K in carbon costs.