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It's bitcoin. Bitcoin is electricity money. The universal electro-dollar. Because the miner reward for securing the monetary network is intrinsically linked to
by anonporridge 4y ago
It's bitcoin. Bitcoin is electricity money. The universal electro-dollar.
Because the miner reward for securing the monetary network is intrinsically linked to electricity availability, there will always be fundamental link between cost of electricity and value of bitcoin.
- immibis 4y agoNo, this is nonsense. In reality, there is a link between cost of electricity, value of bitcoin, hashing rewards, and electricity used in hashing. And the dependent variable is the electricity used in hashing - not the cost of electricity, nor the value of bitcoin.