Profile: 424ad77e...
Did you give the poor bastard some sats?
#Bitcoin Difficulty Jumps More Than 6% Higher
On August 22, 2023, Bitcoin’s network difficulty surged by 6.17%, setting a record at 55.62 trillion.
This spike signals that miners will have to exert significantly more computational muscle to discover blocks.
So far in August, there have been two notable shifts: a modest 0.12% increase on August 9, 2023, and the substantial 6.17% climb.
Coupled with the recent dip in BTC’s value, miners are grappling with heightened challenges.
https://news.bitcoin.com/bitcoin-miners-navigate-record-challenges-and-augusts-dual-difficulty-hike/
How TF did so many miners get such good power purchase agreements?
Doesn't matter.
In a few years, every company will be a bitcoin company.
Work is the only thing that humans can't fake.
Any other system we try to come up with ends in the powerful exploiting the little guy.
The energy consumption isn't a bug, it's a feature.
I know how crazy that sounds to the modern ear, but it's necessary.
The high demand for energy places extreme pressure on efficiency gains and, more importantly, finding the cheapest energy possible.
Cheap energy is the energy that is currently being wasted, or at least, underutilized.
It seems counterintuitive, but bitcoin's high energy usage will cause a massive REDUCTION in human impact on the environment.
In the end;
PoS = Control (not security) by the rich.
PoW = Security (not control) by those who put in the most work.
Sounds like bad op-sec.
One day it might make your boating accident seem less plausible.
