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Energiewende and Liberal Policymakers In EU | 5 comments (5 topical, editorial, 0 hidden)
Energy Crisis Directly Affects Bitcoin Mining (none / 0)
Cryptocurrency's Dirty Secret: Energy Consumption | May 4, 2022 |

Infographics: Largest Bitcoin Mining Farms in the World

A looming global energy crisis could directly affect Bitcoin miners

Natural gas prices have been up 100% since December 2021, while the price of Bitcoin is down 25%. The cost of fueling mining operations has gone up 100% (assuming this cost has been passed on to the miner), while the return dropped by 25% when valued in dollars.

A widely reported article in Nature Climate Change warned that Bitcoin Could Push Global Emissions Above 2 Degrees Celsius, Scientists Say

'Sapere aude'

by Oui (Oui) on Tue Jun 21st, 2022 at 04:17:16 PM EST
Re: Energy Crisis Directly Affects Bitcoin Mining (none / 0)
Bitcoin miners say they're helping to fix the broken Texas electric grid -- and Ted Cruz agrees | CNBC - Dec. 4, 2021 |

Crypto miners in Kazakhstan face bitter winter of power cuts | Nov. 25, 2021 |

'Sapere aude'

by Oui (Oui) on Tue Jun 21st, 2022 at 04:18:18 PM EST
[ Parent ]
Re: Energy Crisis Directly Affects Bitcoin Mining (none / 0)
Why is this a supposed to be a secret?
by gk (gk (gk quattro due due sette @gmail.com)) on Tue Jun 21st, 2022 at 04:26:39 PM EST
[ Parent ]

Energiewende and Liberal Policymakers In EU | 5 comments (5 topical, 0 editorial, 0 hidden)
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