US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • NateNate60@lemmy.worldEnglish
    672·
    10 months ago

    Bitcoin mining is a multi-billion-dollar business. The block reward along is 900 BTC = 38.7 million USD a day (at 43,000 USD per BTC as of writing), shared between half a dozen big mining pools. Bitcoin mining equipment costs thousands of dollars.

    Mining bitcoin is solely a game for men with means.

    • GluWu@lemm.eeEnglish
      742·
      10 months ago

      Lol, $40 million USD. The actually rich people, the people standing up there laughing at all of us, are moving $40m themselves as pocket change. Zuckerberg just got $700M. They blocked Elon from getting $56000M. The 1% are laughing at the 99% and I’m starting to as well.

      2pixdtk_cby-0-760122168

        • GiveMemesEnglish
          2·
          9 months ago

          Spread across all the individual miners…

      • robotica@lemmy.worldEnglish
        4·
        9 months ago

        Also I’d like to point out that it’s not 1% of the population that’s like that, more like 0.01% or even just dozens. There are many rich people, but few are crazy rich like that.

        Source: dunno just google it maybe you’ll find something