[LINK] Crypto crash and power use

Tom Worthington tom.worthington at tomw.net.au
Mon Nov 21 13:30:11 AEDT 2022

On 16/11/22 13:39, Jan Whitaker wrote:

> I haven't read the stories on the crypto crashing, but I wondered if 
> this might reduce the power hogging their server farms use. ...

Yes, Bitcoin's algorithm adjust the work required to mint a new coin to 
the computational capacity available. If the price goes down, and miners 
are not willing to spend as much on electricity, the algorithm will 
reduce the amount of computation required, and thus energy needed.

Tom Worthington http://www.tomw.net.au

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