What is Nostr?
DecentralBTC /
npub1cke…zdds
2024-01-11 10:43:20
in reply to nevent1q…v43k

DecentralBTC on Nostr: Right now energy is priced in dollars and sats are priced in dollars (for most), so ...

Right now energy is priced in dollars and sats are priced in dollars (for most), so mining is an arbitrage against the dollar. Spend x in dollars get x+ in sats value. What happens to energy prices when priced in bitcoin.

For example I read it would take solo miner 266,000 kWh to find a block (if ever) and might take 7 years. At $0.12 per kWh would be $31,920. At $46,000 Bitcoin that’s “profit” of ~14,000.

If priced in Bitcoin would the cost of energy equal that value of the network? Having a hard time wrapping my head around this.
Author Public Key
npub1ckem6dmxpup7sl9lnw05ku9g9ke9nm3pzl2dyz3kkjgk55wpvjeqz5zdds