Comment on Over 2 percent of the US’s electricity generation now goes to bitcoin
NateNate60@lemmy.world 9 months agoBitcoin 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.ee 9 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.
NateNate60@lemmy.world 9 months ago
40 million USD per day. That’s 14 billion USD annually.
robotica@lemmy.world 9 months ago
Also I’d like to point out that it’s not 1% of the population that’s like that, more like 0.01% or even just dozens. There are many rich people, but few are crazy rich like that.
Source: dunno just google it maybe you’ll find something