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Bitcoins price is basically unrelated to the energy used. Right now, it is an independent currency at best and a speculation object at worst. Energy spent is on
by Sebb767 6y ago
Bitcoins price is basically unrelated to the energy used. Right now, it is an independent currency at best and a speculation object at worst. Energy spent is only useful in so far as that no single entity can take over the network; for all other purposes, bitcoin could run on a single 10 year old GPU.
- lottin 6y agoAn entity could launch a coordinated air strike on well-known mining locations and take over the network at anytime.