AgreeableLandscape to Technology · 3 years agoBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.inexternal-linkmessage-square16fedilinkarrow-up128arrow-down10cross-posted to: china
arrow-up128arrow-down1external-linkBitcoin tumbles 11% after China reiterates call for a mining and trading crackdownwww.businessinsider.inAgreeableLandscape to Technology · 3 years agomessage-square16fedilinkcross-posted to: china
minus-squareuthrediilinkfedilinkarrow-up2·3 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.
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.