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/biz/ - Business & Finance

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57965098 No.57965098 [Reply] [Original]

kathie wood said BTC is likely to go to 1 million soon and that got me to wondering how much electricity it would cost to drive BTC blockchain when that happens? What about when 1 BTC = 1 billion dollars?

>> No.57965153

>>57965098
Why would kwh to run miners vary depending on the exchange rate?

>> No.57965221

>>57965098
if the price is unrealistically high (for current hash rate) at 1M (it wont) then there will be massive initiative for miners to get into the game, and it will become as profitable for them as it is now. regardless the price of bitcoin production will soon be around 80K. btc would have to use 10X the electricity to warrant an actual non-bubble price of 100K or about 10% of the worlds electricity

>> No.57966410

>>57965098
imagine taking financial advice from a boomer roastie

>> No.57966641
File: 76 KB, 613x612, intredasting2.jpg [View same] [iqdb] [saucenao] [google]
57966641

>>57965098
srzly bro, are you retarded?

>> No.57966866

>>57965098
Is that really her when she was young?

>> No.57966888

>>57965153
because of the incentive to mine driving greater usage of electricity

>> No.57966949

>>57966866
hnnng more like kathie wood berry

>> No.57966952

>>57966866
no, that's actually me rn, just finished taking a dump in the woods (i sold my home to buy LINK)