Bitcoin Uses a Ton of Energy — On Purpose. Is it Worth It?
Climate One
00:00
The Energy Use of Bitcoin Mining
Mining companies are looking at two things essentially, the price of Bitcoin and the price of electricity. Spend more money on mining machines to pay more for electricity as it goes down. The proof of work approach is not going to be tenable on a finite planet. We're seeing miners already getting kicked out of entire countries like China. States are taking action. New York issued a two year moratorium on new fossil fuel linked crypto mining operations.
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