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With a market cap that is 20 times lower, higher market cap means higher prices, means more miners and thus more energy requirement
by La1n 5y ago
With a market cap that is 20 times lower, higher market cap means higher prices, means more miners and thus more energy requirement
- tromp 5y agoNot quite. Energy requirements correspond to daily dollar emission (column PoW produced 24h in [1]). Early in their emission, coins can have high daily emission and low marketcap. And dogecoin is at less than 1/3 of its 500B soft total supply [2]. [1] https://www.f2pool.com/coins https://www.f2pool.com/coins [2] https://john-tromp.medium.com/a-case-for-using-soft-total-supply-1169a188d153 https://john-tromp.medium.com/a-case-for-using-soft-total-su...