So it isn’t a fixed amount. I have not read much. I knew it was complex computing. And there was a competitive nature to the way it works. I think you confirmed a lot of that. But I think then, the energy efficiency is relevant to the argument of the cost of bitcoins, and are they detrimental to the planet. Thanks for the replies.
Discussion
No the energy is not a bug it’s a feature. The coins cost energy to make b/c you cannot fake energy. They cost more energy when more people participate because then there are real market forces.
While there is no empirical proof bitcoin causes better allocation of resources(you’ll just have to make up you’re own mind) assuming it does, the energy savings from less misallocated resources vastly outweighs the energy spent mining bitcoin.