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Bitcoin's energy usage is proportional to its market value so you might say it always uses the smallest possible amount of energy (given the current valuation).
by shawnz 6y ago
Bitcoin's energy usage is proportional to its market value so you might say it always uses the smallest possible amount of energy (given the current valuation).
We have yet to see if alternative systems like proof-of-stake can gain the same trust and replace proof-of-work while actually consuming less energy in practice. I'm hopeful though.
- sudosysgen 6y agoCreating currency by itself does not create any value.
- shawnz 6y agoRight, the creation of Bitcoins only redistributes the value. The value mining provides is actually in outcompeting potential attackers who might want to change the consensus of the network.