It costs less to mine gold than it does to mine Bitcoin
The inefficiency of mining Bitcoin laid bare⦠Over the past few weeks, the criticism aimed at Bitcoin mining has grown. Chiefly for the fact that Bitcoin uses a lot of electricity to mine
Would love to read more about this topic but the paper on this matter is not cheap. The main question here how they calculated the cost per dollar of gold because there are many different gold mines out there with different yields.