Replying to Avatar chowcollection

I think it’s helpful to think of that lone solar panel as being a vulnerable military or political target, and instead figuring out how to get miners in every jurisdiction.
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π•Šπ•₯π•£π•šπ•Ÿπ•˜β‚Ώπ•–π•–π•Ÿβ„€ 2y ago

I guess it all comes down to the value of Bitcoin itself, which is broken down into its constituents. For example:

- price of mining equipment

- price of energy

- value of the ideology

If you can get all the items for less than market price, then mining Bitcoin is worth it. I expect once we get to a certain block reward, the value of the ideology will need to go up

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chowcollection 2y ago

It’s possible that the difficulty adjustment will always make it worthwhile for tons of people to mine