Re:Bitcoin network power slumps as Kazakhstan crackdown hits...
by throwawaygh on Thursday January 06, 2022 @05:23PM
(#29831252)
> The connection is far from remote... rising energy prices are indeed the proximate cause of the current unrest, and Bitcoin is likely the proximate cause of rising energy prices.
I agree with this. I also agree with nalrey that energy prices are the spark, not the powder keg.
But still, it's a tough pill to swallow that spending a whopping 8% of the country's energy generation capacity on bitcoin mining is even remotely reasonable during an energy crisis...
I agree with this. I also agree with nalrey that energy prices are the spark, not the powder keg.
But still, it's a tough pill to swallow that spending a whopping 8% of the country's energy generation capacity on bitcoin mining is even remotely reasonable during an energy crisis...