Honest question from someone truly ignorant on these things:
To what extent might this affect Bitcoin (or other proof-of-work) mining?
I've heard that PoW mining is notoriously energy hungry. Does a big increase in energy prices merely slow the mining down, or is there some tipping point that could make PoW-based crypto markets crash and die?
To what extent might this affect Bitcoin (or other proof-of-work) mining?
I've heard that PoW mining is notoriously energy hungry. Does a big increase in energy prices merely slow the mining down, or is there some tipping point that could make PoW-based crypto markets crash and die?
Disclaimer: I'd like to buy a new GPU in 2022.