brock on Nostr: Because of the difficulty adjustment, bitcoin is incentivized to use the cheapest ...
Because of the difficulty adjustment, bitcoin is incentivized to use the cheapest electricity available. The cheapest electricity is waste, curtailed, and spare energy. When we experience hyperbitcoinization, bitcoin won’t create incremental energy supply … it will consume existing energy that otherwise wouldn’t be monetized.
Published at
2024-06-13 01:23:12Event JSON
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"content": "Because of the difficulty adjustment, bitcoin is incentivized to use the cheapest electricity available. The cheapest electricity is waste, curtailed, and spare energy. When we experience hyperbitcoinization, bitcoin won’t create incremental energy supply … it will consume existing energy that otherwise wouldn’t be monetized.",
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