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.
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.
The mining difficulty adjusts automatically so that 1 block is produced every 10 minutes on average.
More miners join, more difficult and expensive it gets, to the point it forces the least efficient miners to be turned off, or seek cheaper electricity. If too many leave or the price of BTC raises, more people are incentivized to join.
So wealth continues to be concentrated by the wealthy while polluting a bunch.
You know the business is legit, when the only complaint is “BuT ThE RiCh!!”