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A comment on Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Power Plants. Parent comment

Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by jpmattia on Saturday May 22, 2021 @03:19PM (#27249510)
> Yup, this would ensure the benefits of bitcoin mining would not outweigh the costs, and it would make most of it unprofitable.

How did you conclude that the price or difficulty factor would not adapt to make it profitable?

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Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow... by gizmo686 on Saturday May 22, 2021 @03:55PM (#27249769)
The difficulty goes down as a direct result of less mining being done. Long term, blocks will be generated at the same rate, but each block would have less work behind it.
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