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.

  • TypicalHog@lemm.eeEnglish
    4·
    9 months ago

    I sometimes have a weird vibe like someone somehow crippled Bitcoin by making it not able to evolve and develop. I mean… If I wanted it gone and couldn’t just destroy it, I would cripple it. Idk, just feels sus.

    • General_Effort@lemmy.worldEnglish
      1·
      9 months ago

      Anything that makes bitcoin more valuable is a financial benefit to all people holding bitcoin. Anyone who has a brilliant idea is financially better off by making their own coin.

      Miners, who have money tied up in bitcoin-specific hardware, have a vested interest in maintaining the POW system or else their capital loses value.

      There are probably exchanges short on bitcoin that stand to profit from a decreasing price.

      So yeah. Someone crippled bitcoin. That someone is Satoshi.