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That's like saying that cab drivers are incentivized to maximize their gas consumption. No, miners are actually incentivized to minimize their energy consumpti
by hrhrhrhrhr 5y ago
That's like saying that cab drivers are incentivized to maximize their gas consumption.
No, miners are actually incentivized to minimize their energy consumption while maximizing output.
- lwansbrough 5y agoIf you’re a miner, and you’re able to halve your power consumption without sacrificing any hash rate, you’re absolutely going to double your processing capacity to maintain your original power consumption, because it makes you more money. A cab driver can’t do twice as much driving if they double their vehicle’s energy consumption.