this post was submitted on 03 Feb 2024
397 points (94.8% liked)

Technology

59622 readers
2877 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
397
Over 2 percent of the US’s electricity generation now goes to bitcoin (arstechnica.com)
submitted 9 months ago by [email protected] to c/[email protected]
158 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 11 points 9 months ago (2 children)

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

[–] [email protected] 28 points 9 months ago (1 children)

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.

[–] [email protected] 5 points 9 months ago (1 children)

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

[–] ikapoz 10 points 9 months ago (1 children)

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.

[–] [email protected] 3 points 9 months ago (1 children)

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

[–] ikapoz 2 points 9 months ago

Oh I think that’s probably true, but the question assumed it taking place