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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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[-] makeasnek@lemmy.ml 1 points 7 months ago

This may be true for Cardano, but not for Bitcoin. As more BTC gets mined, your percentage of the total supply goes down

This is so terribly incorrect. Bitcoin has a fixed supply. Those miners are selling those coins on the open market and they are running out as you say. 1 BTC is the same portion of the total final supply it was a year ago or 10 years ago.

[-] TypicalHog@lemm.ee 2 points 7 months ago

My mistake, I was thinking about the current supply. Brain fart.
It's the same with ADA. 1 ADA is the same percentage of the total supply 5 years ago or now.

this post was submitted on 03 Feb 2024

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