Re:PayPal to allow cryptocurrency buying, selling and shoppi...
by Nursie on Wednesday October 21, 2020 @11:26AM
(#24848746)
> That's assuming that the mining hardware doesn't get more power efficient
The efficiency of the mining equipment doesn't really matter.
It is always worth spending almost as much money on electricity as the cryptocurrency generated. If someone comes up with a more efficient miner, it is profitable for them to roll those out until the power equation levels out again.
Mining equipment efficiency affects the total network hashrate, but not the overall power consumption.
The efficiency of the mining equipment doesn't really matter.
It is always worth spending almost as much money on electricity as the cryptocurrency generated. If someone comes up with a more efficient miner, it is profitable for them to roll those out until the power equation levels out again.
Mining equipment efficiency affects the total network hashrate, but not the overall power consumption.