Reports indicate that mining a single Bitcoin now costs far more in electricity than it's worth, even at sky-high prices.
  • apotheotic (she/her)@beehaw.orgEnglish
    2·
    3 days ago

    Yeah, so you end up with a fraction of a fraction of the work time going to actually doing the block chain transaction, and the vast majority going into the artificial difficulty

    • lime!@feddit.nuEnglish
      1·
      3 days ago

      yup, running a global network on top of something designed to be slow seems… inadvisable.