Looking at the evolution of energy costs / revenues of miners, we show that the energy consumption will double again, to reach the electricity consumption of Australia.
What can we do about that ? This is such a nonsense !
Looking at the evolution of energy costs / revenues of miners, we show that the energy consumption will double again, to reach the electricity consumption of Australia.
What can we do about that ? This is such a nonsense !
Nonsense indeed, there must be some other way to make mining difficult?
One thing I would have liked to have seen in this article is a discussion of so called green energy (for example something better than this clickbaity https://www.thinkgeoenergy.com/bitcoin-mining-fuelled-by-geothermal-power-in-iceland-to-create-new-gold-rush/) piece.
Nevertheless, it’s probably safe to assume most miners are not using geothermal.