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.

  • fruitycoder@sh.itjust.worksEnglish
    0·
    10 months ago

    Honestly eth just made more progress between built in smart contracts and proof of stake, I’m surprised Bitcoin is still holding on. Sunk cost fallacy I guess.

    • linearchaos@lemmy.worldEnglish
      0·
      10 months ago

      I’m not an economist or anything, but I don’t think it’s a sunk cost fallacy I think it’s just a market. They’re all mining both. Just leaning heavier on whichever one makes them more money in the moment. The market is going to have a hell of a lot of inertia.

      • fruitycoder@sh.itjust.worksEnglish
        1·
        10 months ago

        That’s a good point a lot of the crypto markets influence is still more focused as an investment vehicle for getting more fiat wealth, that’s more reasonable to me. I guess I am just a die hard engineer and the practical uses matters a lot more than the price of tulips.