No, real money created through the work effort of the miner. Each hash accepted being an encryption lock on the block chain. Where as the reward is a direct result of said effort. And in the case of Bitcoin, a deflationary currency that gains value over time.
Price of energy regulates total hash and effort used to gain profits. The more energy used, the lower the profits, as expressed in other sectors that utilize supply and demand pricing.
No, real money created through the work effort of the miner. Each hash accepted being an encryption lock on the block chain. Where as the reward is a direct result of said effort. And in the case of Bitcoin, a deflationary currency that gains value over time.
Price of energy regulates total hash and effort used to gain profits. The more energy used, the lower the profits, as expressed in other sectors that utilize supply and demand pricing.