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The higher the price BTC go, the more miners will mine to get it near break even. Imagine 600k price where some pumpers are targeting, you are looking at potent
by m3kw9 6y ago
The higher the price BTC go, the more miners will mine to get it near break even. Imagine 600k price where some pumpers are targeting, you are looking at potentially 10x the energy used to mine blocks. Is that a correct characterization of the problem at hand?
- rawtxapp 6y agoIf Bitcoin reaches those prices, it would have twice the market cap of all gold and significant % of global wealth, so that energy would be well spent to secure all that wealth.