Re:Electricity needed to mine Bitcoin is more than used by '...
by betwixthewires on Saturday February 27, 2021 @04:08PM
(#26288186)
The person who wrote this article doesn't even know what they're talking about.
>The more bitcoin that is mined, the harder the algorithms that must be solved to get a bitcoin become. Now that over 18.5m bitcoin have been mined, the average computer can no longer mine bitcoins.
The difficulty has nothing to do with the supply, the difficulty is entirely a function of the amount of hash power on the entire network.
I know people make mistakes, but one thing that bothers me is when people write articles about things they genuinely never took an interest in. You've got no business informing people. Also, an article written about something by an author who does not know about said something screams "agenda". This feels like a hit piece on Tesla (for not being green), and a "don't get excited about bitcoin just yet (pleeease)" article.
>The more bitcoin that is mined, the harder the algorithms that must be solved to get a bitcoin become. Now that over 18.5m bitcoin have been mined, the average computer can no longer mine bitcoins.
The difficulty has nothing to do with the supply, the difficulty is entirely a function of the amount of hash power on the entire network.
I know people make mistakes, but one thing that bothers me is when people write articles about things they genuinely never took an interest in. You've got no business informing people. Also, an article written about something by an author who does not know about said something screams "agenda". This feels like a hit piece on Tesla (for not being green), and a "don't get excited about bitcoin just yet (pleeease)" article.