4 ms·
If an invention enables hashes to be computed 10x more effectively, miners aren’t going to reduce their energy use by 90% — they’ll switch to the new equipment,
by pavlov 5y ago
If an invention enables hashes to be computed 10x more effectively, miners aren’t going to reduce their energy use by 90% — they’ll switch to the new equipment, increase their hash rate 10x, and keep using the available energy.