Re:Bitcoin Mining Now Consuming More Electricity Than Many C...
by foepys on Wednesday November 22, 2017 @02:59PM
(#15760033)
> It seems this problem should be addressed by more energy-efficient Bitcoin mining rigs and changes to the Bitcoin system to improve efficiency over the next 1-2 years.
Not really. The miners calculate their costs versus their gains. If a new rig consumes half of the electricity, they will just buy a second one. If they don't their competitor does.
Not really. The miners calculate their costs versus their gains. If a new rig consumes half of the electricity, they will just buy a second one. If they don't their competitor does.