AgreeableLandscape@lemmy.ml to Technology@lemmy.ml · 4 years agoBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.inexternal-linkmessage-square16linkfedilinkarrow-up128arrow-down10
arrow-up128arrow-down1external-linkBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.inAgreeableLandscape@lemmy.ml to Technology@lemmy.ml · 4 years agomessage-square16linkfedilink
minus-squarevegai@lemmy.mllinkfedilinkarrow-up1·4 years agoIs there some reason to believe that a price correction is going to do anything to fix that energy sink problem?
minus-squareuthredii@lemmy.mllinkfedilinkarrow-up2·4 years agoBitcoin is given to miners at a constant rate. This means that the incentive to mine and consume energy is directly related to the price of bitcoin.
Is there some reason to believe that a price correction is going to do anything to fix that energy sink problem?
Bitcoin is given to miners at a constant rate. This means that the incentive to mine and consume energy is directly related to the price of bitcoin.