4 ms·
difficulty also updates every couple of weeks. less folk mining means less energy per coin mined
by woleium 3y ago
difficulty also updates every couple of weeks.
less folk mining means less energy per coin mined
- phire 3y agoYeah, the amount of energy per coin mined kind of follows the price of the coin (in the longer term, not so much in the short term). So the price going down is great news for anyone concerned about energy conservation, but because the amount of energy wasted is directly correlated to the difficulty of launching a 51% attack, the energy usage going down is bad news for anyone actually using bitcoin.
- woleium 3y agoThe energy is not wasted, its used to sustain the system. Similarly the energy used to power inactive pos systems is used to sustain the system for immediate use when needed.