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It's all about how much work the reward pays for. At current Bitcoin prices of around $43k, the block reward pays miners $14,125,500,000/year to spin ASICs all
by rspeele 5y ago
It's all about how much work the reward pays for. At current Bitcoin prices of around $43k, the block reward pays miners $14,125,500,000/year to spin ASICs all day. That kind of money buys a lot of wasted power.
If PoW is still around, but the price dumps low enough that miners are only burning, say, $1,000,000 a year worth of power, that'd be a great improvement.