MDB on Nostr: Bitcoin will consume most of the energy in the world, Let's answer the questions, ...
Bitcoin will consume most of the energy in the world,
Let's answer the questions,
hear me out,
For one,
+Bitcoin mining must stay economically rewarding through PoW.
+Energy markets must continue to have inefficiencies or stranded energy sources, incentivizing miners.
+Bitcoin’s decentralization and security model must still depend on computational proof derived from energy expenditure.
+Public perception must accept, or at least tolerate, Bitcoin’s energy consumption as justified by its utility and security.
For the second,
+Significant technological breakthroughs in renewable energy storage or transmission that eliminate energy waste, removing incentives for miners.
+An unexpected shift in Bitcoin’s consensus mechanism away from PoW (though improbable), dramatically reducing energy reliance.
+Global regulatory frameworks placing heavy penalties on energy-intensive mining practices, severely diminishing profitability.
For the third,
+Discovery and mass deployment of extremely cheap, nearly limitless clean energy sources (e.g., fusion), making energy cost trivial.
+A major global event (economic, environmental, or political) drastically shifts public consensus toward either strongly embracing or categorically rejecting energy-intensive industries like Bitcoin mining.
+Massive governmental adoption of Bitcoin as energy infrastructure support, effectively integrating mining into national grid systems and energy policy, transforming Bitcoin mining into a public utility.
Let's answer the questions,
hear me out,
For one,
+Bitcoin mining must stay economically rewarding through PoW.
+Energy markets must continue to have inefficiencies or stranded energy sources, incentivizing miners.
+Bitcoin’s decentralization and security model must still depend on computational proof derived from energy expenditure.
+Public perception must accept, or at least tolerate, Bitcoin’s energy consumption as justified by its utility and security.
For the second,
+Significant technological breakthroughs in renewable energy storage or transmission that eliminate energy waste, removing incentives for miners.
+An unexpected shift in Bitcoin’s consensus mechanism away from PoW (though improbable), dramatically reducing energy reliance.
+Global regulatory frameworks placing heavy penalties on energy-intensive mining practices, severely diminishing profitability.
For the third,
+Discovery and mass deployment of extremely cheap, nearly limitless clean energy sources (e.g., fusion), making energy cost trivial.
+A major global event (economic, environmental, or political) drastically shifts public consensus toward either strongly embracing or categorically rejecting energy-intensive industries like Bitcoin mining.
+Massive governmental adoption of Bitcoin as energy infrastructure support, effectively integrating mining into national grid systems and energy policy, transforming Bitcoin mining into a public utility.