|
Super Moderator
Join Date: Feb 2000
Location: Naperville, IL USA
Posts: 14,979
|
Bitcoin is self regulating. The energy cost to mine was supposed to trigger innovation and reduce profitability of mining to the point of being unprofitable.
..however as long as people bid up, its price to keep mining profitable despite the terrible energy cost, it will continue.
How to stop it? Quit speculating and let it move to it’s equilibrium point.
__________________
Chris
----------------------------------------------
1996 993 RS Replica
2023 KTM 890 Adventure R
1971 Norton 750 Commando
Alcon Brake Kits
|