News for hackers. Stuff that matters.
Re:Inflation rises to 7% in December (led by energy) by analog31 on Wednesday January 12, 2022 @05:26PM (#29913603)
Quick look suggests that bitcoin energy consumption is a small fraction of world energy consumption. For me, it's hard to guess the effect on pricing. Bitcoin mining seems to be an arbitrage: Turning energy that's priced in one market, into money that can be spent in another market. This would seem to equalize energy prices across markets, while also discouraging countries from subsidizing energy.

There are no comments on this comment yet.