Re:On the Instability of Bitcoin Without the Block Reward [pdf]
by chrisco255 on Wednesday March 03, 2021 @12:07PM
(#26331274)
Calling the halving a significant energy usage decrease is the opposite of what happens after a halving. A halving means miners are paid half as many BTC for discovering new blocks, then prices increase, which means that miners can afford (and typically must to stay competitive) to pay more for mining equipment and electricity to mine blocks profitably.
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