Archive:000/Why Bitcoin's energy usage is directly proportional to its price: Revision history

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26 October 2024

4 November 2022

  • curprev 21:3521:35, 4 November 2022Elie talk contribs 1,088 bytes +1,088 Created page with "By design, bitcoin mining pays out exactly 6.25 BTC, every 10 minutes - to someone, somewhere in the world. {{x|In practice, this usually gets split between many people in a mining pool.}} The more "work" a miner does, the greater their chances of getting these bitcoins. The network automatically adjusts the mining difficulty. If mining is too hard, it would be so unprofitable that everyone would stop mining - this would cause the mining difficulty to automatically..."