Re:Just 137 crypto miners use 2.3% of total U.S. power
by wongarsu on Friday February 09, 2024 @12:13PM
(#39317329)
> The "security" of btc cryptocurrency is proportional to how much energy it wastes
It's proportional to the amount of money it "burns", in the form of capital costs (miners) and electricity costs (for those miners). If electricity prices would rise tenfold globally, electricity use from crypto miners would drop by about the same factor.
It's proportional to the amount of money it "burns", in the form of capital costs (miners) and electricity costs (for those miners). If electricity prices would rise tenfold globally, electricity use from crypto miners would drop by about the same factor.