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.

  • ikapoz@sh.itjust.worksEnglish
    10·
    5 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.

    • WhiteHawk@lemmy.worldEnglish
      3·
      5 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