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Rising prices increases energy used, as miners are primarily constrained by energy costs, and higher prices allows them to use more energy and still be profitab
by flerchin 3y ago
Rising prices increases energy used, as miners are primarily constrained by energy costs, and higher prices allows them to use more energy and still be profitable. Higher BTC prices are bad for the environment.
- latchkey 3y agoNot necessarily true. There is limited power to go around and finding spaces is also difficult. At scale, this becomes a limiting issue. Just because the price goes up, does not mean that a company can take on the risk of allocating multi-year contracts to expand.