4 ms·
Economically, the amount spent on electricity for PoW mining will be close to and generally below the payout for that mining. The price in US dollars for eithe
by extraduder_ire 9mo ago
Economically, the amount spent on electricity for PoW mining will be close to and generally below the payout for that mining.
The price in US dollars for either block rewards or electricity can go up or down, but this comparison always stays the same.
- ben_w 9mo agoSure, but which direction is the forcing, and what drives that direction and magnitude? The stated relationship is also true when the energy cost to mining the next block is 1 joule at whatever money/kWh.