>Mining is scale invariant, the value of the coins tends to the value of the energy, not the quantity. Make electricity cheaper and mining will just use more of

>Mining is scale invariant, the value of the coins tends to the value of the energy, not the quantity. Make electricity cheaper and mining will just use more of it. Isn't the value of mining really a function of the higher of both energy and computational availability, and, to my amateur understanding, don't most cryptocurrencies self-adjust their computational difficulty in response to more mining, which the return-value of each new miner less than the one before it? I'd wager that means the combination of time and silicon availability will cap the expansion long before it eats four-fifths of 2060 US' energy generation. >Nuclear is simply way too expensive and by far the #1 reason it's not being built is because no one wants to write the checks to build it when solar is more than an order of magnitude cheaper. Fix that problem first, then start yelling about regulation. You don't think there's a possibility the unjustifiable cost might come from the regulation more than the lack of value in displacing almost the entire electricity market?