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Bitcoin Economics and Evolution | The Saylor Series | Episode 16 (WiM062)
The "What is Money?" Show
Introduction
Mining network has gone from being energy intensive to technology intensive, Seev says. Energy use is going to keep increasing as the price of bit coin increases, he adds. We're like on the seventh generation of mining equipment and it's reasonable to expect that efficiency will increase over a decade or ten years. So biccoin price could go up by a hundred, and the network efficiency would go up by hundreds - and the energy consumption could be flat.
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