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Michael Dunworth2d ago
Also, this is why I sold bitcoin to invest into Radiant Nuclear (nuclear reactors the size of shipping containers sort of thing). Everyone is fighting for energy, this is why Google invested heavily in miners, because it needs to get close to the source. It’s the gigantic cock block to these guys scaling, and their political and financial firepower will bend in their favour. That’s the nature of the beast
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Chris2d ago
The global, decentralised bitcoin network doesn’t “fight” for energy. It CANT use competitive electricity. There is no incentive to pay 100k to mine 70k bitcoin. It seeks out (game theorically) the cheapest discarded energy all over the planet. This will continue to happen. No one is DOING it. It hasn’t even scratched the surface yet.
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