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.

  • @WhiteHawkEnglish
    11•8 months ago

    If you destroy Bitcoin, another currency would take its place.

    • @[email protected]English
      28•8 months ago

      Good. Most don’t use proof of work anymore because they don’t feel the need to watch the world burn for no reason other than propping up techno bros.

      • @WhiteHawkEnglish
        5•8 months ago

        A lot still do, and that’s where the miners would go

        • @[email protected]English
          10•8 months ago

          If governments started regulating bitcoin because it was proof of work based then people aren’t going to pump real money into another proof of work scheme to replace it - why would they take the risk of it happening again when there are alternatives? the mining profit margins would disappear and so would they.

          • @WhiteHawkEnglish
            3•8 months ago

            It woulf take years and years to pass such a ban in a significant number of countries - assuming they would ever want to cooperate on this, that is