Hidden Bitcoin RISK? The Coming Energy CRUNCH!! (Ep 269)
Coin Bureau
00:00
Is There a Future for Proof of Stake?
How likely is it that we could face energy shortages? Well, that all depends on how cold the winter is this year. If it's anywhere near as cold as last year, we could be in trouble. The immediate impact would be a fall in hash rate. This means there is less mining power available in order to propagate blocks. And transaction costs would also sky rocket. These are both outcomes which could seriously hobble bit coins ability to be used as a medium of exchange. High energy prices could also crimp the growth potential of countries and hamper their recovery efforts.
Play episode from 13:03
Transcript
