US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

    • hark@lemmy.worldEnglish
      83·
      1 year ago

      Skip ad. Bitcoin is pumped through ridiculous leverage and printing of “stable” coins like tether. The scam hasn’t unraveled yet, but that doesn’t mean it won’t.

        • hark@lemmy.worldEnglish
          61·
          1 year ago

          Do you know that tether is printed and used to buy bitcoin? Because it seems like you don’t.

        • TypicalHog@lemm.eeEnglish
          4·
          1 year ago

          People defending Binance and Tether are either:

          • Clueless and haven’t done any research
          • Brainwashed
          • Part of the Binance/Tether cartel
          • Paid to do it
          • Lying to themselves
          • Aware of the truth, but want their bags to continue to be propped up by fraudsters

          Which one are you?

            • TypicalHog@lemm.eeEnglish
              3·
              1 year ago

              I just wish it collapsed sooner. At this point the effect on the whole crypto sector, be it BTC, ETH or ADA will be unimaginable for most people.