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The energy usage of Bitcoin is proportional to the price, it doesn't grow without bound as you seem to be saying here. Miners compete for a fixed reward, it doe
by shawnz 6y ago
The energy usage of Bitcoin is proportional to the price, it doesn't grow without bound as you seem to be saying here. Miners compete for a fixed reward, it doesn't make sense for new miners to enter the system if the rewards already are distributed to the point that they just cover the costs.