Comment on Over 2 percent of the US’s electricity generation now goes to bitcoin

• BedSharkPal@lemmy.ca ⁨9⁩ ⁨months⁩ ago

  Good. Most don’t use proof of work anymore because they don’t feel the need to watch the world burn for no reason other than propping up techno bros.

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  • WhiteHawk@lemmy.world ⁨9⁩ ⁨months⁩ ago

    A lot still do, and that’s where the miners would go

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    • ikapoz@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

      If governments started regulating bitcoin because it was proof of work based then people aren’t going to pump real money into another proof of work scheme to replace it - why would they take the risk of it happening again when there are alternatives? the mining profit margins would disappear and so would they.

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      • WhiteHawk@lemmy.world ⁨9⁩ ⁨months⁩ ago

        It woulf take years and years to pass such a ban in a significant number of countries - assuming they would ever want to cooperate on this, that is

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• TypicalHog@lemm.ee ⁨9⁩ ⁨months⁩ ago

  Cardano.

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