ASIC miners are a problem. Not only have they lead to an explosion in the hash rate—and electricity costs to secure the Bitcoin network
No they didn’t. Market forces will always drive the cost of mining a bitcoin to the value of a bitcoin regardless of the algorithm used.
Thanks, I didnt mean to imply that ASICs specifically lead to the increase in mining costs/electricity use. I edited to make this more correct.
No they didn’t. Market forces will always drive the cost of mining a bitcoin to the value of a bitcoin regardless of the algorithm used.
Thanks, I didnt mean to imply that ASICs specifically lead to the increase in mining costs/electricity use. I edited to make this more correct.