Post
Topic
Board Bitcoin Discussion
Merits 5 from 1 user
Re: BITCOIN IS NOT A STORE OF VALUE
by
franky1
on 31/08/2022, 09:16:13 UTC
⭐ Merited by NotATether (5)
BTC PoW mining will be banned worldwide within ~2½ years,
because the people are going to raise ever lovin cane about btc miners driving up energy rates when the people rate is going to triple.

try to do some math
work out the KWH of a electric car doing just 20miles a day(normal use)
multiply that by how many cars need to be electric soon

then realise that cars would require MORE electric than bitcoin mining industry
..
the bitcoin asics are getting far better at efficiency than an electric car can get
in the 8 years (2014-2022) of asics.
going from a 3kw GPU rack of 1GHASH
to a asic of 3KW achieving 158,000Ghash. in jsut 8 years
is alot better then the car batters 5% more efficient per generation/year

over the last year alone bitcoin hashrate has remained around the 200exa amount
but the electric has changed from about 80thash for 3.25kwh
to be 158thash for 3.25  (255 for 5.3)

meaning HALF the amount of electric, 4x less amount of physical asics to still have 210exa network

math and a calculator are far more superior than a article/youtube video with bias