US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • NateNate60@lemmy.worldEnglish
    0·
    10 months ago

    Bitcoin mining is a multi-billion-dollar business. The block reward along is 900 BTC = 38.7 million USD a day (at 43,000 USD per BTC as of writing), shared between half a dozen big mining pools. Bitcoin mining equipment costs thousands of dollars.

    Mining bitcoin is solely a game for men with means.

    • GluWu@lemm.eeEnglish
      1·
      10 months ago

      Lol, $40 million USD. The actually rich people, the people standing up there laughing at all of us, are moving $40m themselves as pocket change. Zuckerberg just got $700M. They blocked Elon from getting $56000M. The 1% are laughing at the 99% and I’m starting to as well.

      2pixdtk_cby-0-760122168