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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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[–] sukhmel@programming.dev 6 points 7 months ago (1 children)

The market is run by people, and people have been proven not to be rational. So, sunk cost easily applies to the market

[–] linearchaos@lemmy.world 2 points 7 months ago (1 children)

Come on, that's logic 101

All a are b

some b are c

all a are not c.

You can't even claim that most A are C with that logic

[–] sukhmel@programming.dev 1 points 7 months ago (1 children)

I can't quite follow you beyond the fact that in your example "all A are not C" is correct

[–] linearchaos@lemmy.world 2 points 7 months ago

Yeah I think that's our major problem here.