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Over 2 percent of the US’s electricity generation now goes to bitcoin (arstechnica.com)

submitted 7 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] ikapoz@sh.itjust.works 10 points 7 months ago (1 children)

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.world 3 points 7 months ago (1 children)

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

[–] ikapoz@sh.itjust.works 2 points 7 months ago

Oh I think that’s probably true, but the question assumed it taking place