Re:Radeon RX 6500 XT is bad at cryptocurrency mining on purp...
by chii on Tuesday January 11, 2022 @07:48PM
(#29900782)
> The more electricity you burn, the more money you make.
there will be a new equilibrium - the more electricity you use, the less of it is available, and thus the price would rise to match the demand. This means there's a limit to how much you can earn (unfortunately you wont know this limit until you reach it, because the full demand for crypto is unknown atm).
But high prices of electricity would spur developments in energy production.
In any case, energy use is energy use, regardless of the purpose. As long as the person using it is paying for it, then it is a valid use.
there will be a new equilibrium - the more electricity you use, the less of it is available, and thus the price would rise to match the demand. This means there's a limit to how much you can earn (unfortunately you wont know this limit until you reach it, because the full demand for crypto is unknown atm).
But high prices of electricity would spur developments in energy production.
In any case, energy use is energy use, regardless of the purpose. As long as the person using it is paying for it, then it is a valid use.