Re:Bitcoin emissions alone could push global warming above 2...
by Closi on Sunday January 17, 2021 @05:19PM
(#25815724)
But energy isn’t cheap, abundant or clean?
Also because of how the Bitcoin algorithm and economics work, if energy is cheap then the market will scale up mining thus the Bitcoin algorithm will scale up difficulty. Cheap energy results in more energy waste from Bitcoin.
Also because of how the Bitcoin algorithm and economics work, if energy is cheap then the market will scale up mining thus the Bitcoin algorithm will scale up difficulty. Cheap energy results in more energy waste from Bitcoin.