Bitcoins price is basically unrelated to the energy used. Right now, it is an in... | Hacker News

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		Sebb767 on March 28, 2021 \| parent \| context \| favorite \| on: Bitcoin as a Battery Bitcoins price is basically unrelated to the energy used. Right now, it is an independent currency at best and a speculation object at worst. Energy spent is only useful in so far as that no single entity can take over the network; for all other purposes, bitcoin could run on a single 10 year old GPU.

lottin on March 28, 2021 [–]

An entity could launch a coordinated air strike on well-known mining locations and take over the network at anytime.

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