@AgreeableLandscape to Technology • 3 years agoBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.inexternal-linkmessage-square18arrow-up128arrow-down10cross-posted to: china
arrow-up128arrow-down1external-linkBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.in@AgreeableLandscape to Technology • 3 years agomessage-square18cross-posted to: china
minus-square@uthrediilink2•3 years agoBitcoin is given to miners at a constant rate. This means that the incentive to mine and consume energy is directly related to the price of bitcoin.
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Bitcoin is given to miners at a constant rate. This means that the incentive to mine and consume energy is directly related to the price of bitcoin.