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A comment on Cambridge Bitcoin Electricity Consumption Index. Parent comment

Re:Cambridge Bitcoin Electricity Consumption Index by rodiger on Wednesday February 10, 2021 @05:35PM (#26095750)
Also worth noting though that "extra" energy per-tx increases the security of that tx. You aren't just paying for the system to function, you're paying for the system to be resistant to bad actors.
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Re:Cambridge Bitcoin Electricity Consumption Index by PragmaticPulp on Wednesday February 10, 2021 @09:36PM (#26097603)
Only so far as the majority of the miners are not coordinated.

With the current concentration of mining capacity in China, that's not exactly a sure thing any more.

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Re:Cambridge Bitcoin Electricity Consumption Index by shawnz on Thursday February 11, 2021 @03:04AM (#26099311)
The point is that the energy they are spending on mining disincentivizes them from doing anything except using it to earn Bitcoins legitimately. If they waste that energy attacking the network instead, it would be less profitable.
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