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A comment on Swedish government agencies say energy-intensive crypto mining should be banned. Parent comment

Re:Swedish government agencies say energy-intensive crypto m... by skohan on Saturday November 06, 2021 @04:50AM (#29128518)
Is this a distinction without a difference? If the climate impact of mining were truly priced in, is there any chance this activity would be remotely profitable?
[ Parent | on HN ]
Re:Swedish government agencies say energy-intensive crypto m... by WanderPanda on Saturday November 06, 2021 @11:51AM (#29131217)
Of course it would be remotely profitable for some of the miners. The difficulty adjustment is making the consensus kind of invariant of the total amount of energy used. Even security-wise Bitcoin would probably be fine at 1/10 or even 1/100 of its current power usage
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