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Is Bitcoin a scam run by the energy utility monopolies? 1% of the world's power is used just to mine Bitcoins. Trump says it's a scam. Elon has condemned the waste. If Bitcoin crashes to $0, the only ones who come out ahead (besides lucky traders) are the energy companies. (www.thebalance.com) Speculation
posted 4 years ago by Jaunty_Haul 4 years ago by Jaunty_Haul +11 / -3
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– fauxgnaws 2 points 4 years ago +2 / -0

Also the power usage is because mining a block gives you ~$300k, which pays for the electricity.

In 10 years mining a block will only be worth $75k at today's valuation, in 20 years only $10k because the value of the blocks cuts in half every so often.

Basically the bitcoin energy problem will solve itself in a short while unless it explodes in value. So bitcoin shooting up is the thing the globalists care about - not the environment - and that's because if you can park your money in bitcoin and even have it grow in value they can't steal it through devaluation and money printing.

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