5 ms·
Mining difficulty tends to be a lagging indicator of price, not the other way around. I doubt that a price increase in power would have much affect on the price
by px43 6y ago
Mining difficulty tends to be a lagging indicator of price, not the other way around. I doubt that a price increase in power would have much affect on the price of the currency itself.
We 100% need massive carbon taxes right now. It's really telling how the energy industry is trying to push blame to consumers, especially cryptocurrency miners, in order to distract from the discussion of real carbon taxes to force polluters to pay for the damage they're causing.
I'm sure I'm one of the largest supporters of cryptocurrency in this thread so far, and I'm perfectly comfortable stating the obvious that mining with fossil fuels is an abomination. It's going to keep happening though until regulators get serious about reigning in the fossil fuel industry.
- paulgb 6y agoWould you support a carbon import tariff for PoW cryptocurrencies mined outside of countries that implement a carbon tax? Because otherwise I can just imagine mining moving to countries without one, as is already happening with regards to other climate-based restrictions.
- Avamander 6y agoThey can move, but that undermines confidence of the blockchain because then it's under the influence of fewer governments. Which makes me think that quite a few wont.