Gottlieb MccartyJan 01, 2022 · 3 years ago2 answersIs the cost of bitcoin mining sustainable in the long term?
With the increasing popularity of bitcoin and the growing number of miners, there is a concern about the long-term sustainability of bitcoin mining. The process of mining requires a significant amount of computational power and energy consumption. As more miners join the network, the competition for mining rewards increases, leading to higher energy consumption and costs. This raises the question: Is the cost of bitcoin mining sustainable in the long term?
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