US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • @NateNate60English
    67•4 months ago

    Bitcoin mining is a multi-billion-dollar business. The block reward along is 900 BTC = 38.7 million USD a day (at 43,000 USD per BTC as of writing), shared between half a dozen big mining pools. Bitcoin mining equipment costs thousands of dollars.

    Mining bitcoin is solely a game for men with means.

    • @[email protected]English
      -35•4 months ago

      Lol, $40 million USD. The actually rich people, the people standing up there laughing at all of us, are moving $40m themselves as pocket change. Zuckerberg just got $700M. They blocked Elon from getting $56000M. The 1% are laughing at the 99% and I’m starting to as well.

      2pixdtk_cby-0-760122168

      • @NateNate60English
        20•4 months ago

        40 million USD per day. That’s 14 billion USD annually.

      • roboticaEnglish
        4•4 months ago

        Also I’d like to point out that it’s not 1% of the population that’s like that, more like 0.01% or even just dozens. There are many rich people, but few are crazy rich like that.

        Source: dunno just google it maybe you’ll find something