Re:Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Pow...
by gruez on Saturday May 22, 2021 @11:00PM
(#27252076)
>PoW is a beast that consumes everything it can.
It doesn't really "consume everything it can" like a paperclip optimizer would. Like you said the reward for mining is fixed, so the amount of money/resources it can consume is limited to (mining reward * bitcoin price).
It doesn't really "consume everything it can" like a paperclip optimizer would. Like you said the reward for mining is fixed, so the amount of money/resources it can consume is limited to (mining reward * bitcoin price).