this post was submitted on 01 May 2025
186 points (100.0% liked)
Technology
38788 readers
260 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Bitcoin mining will always be profitable for the people with the cheapest electricity and largest economies of scale. There is a difficulty adjustment algorithm in the protocol that ensures this. When the price tanks people turn off thier miners, difficulty adjusts downwards, and then it takes less electricity to find a block.
tl;dr title is wrong
Yeah this article is woefully uninformed. Author seems to be butt hurt about GPU pricing rather than any serious interest in how the protocol actually works.
The quote is actually from the article this one paraphrased and linked to, while leaving out all of the actual, you know, information
So wait. You'd have to read the article and not just the headline to know the story?
No, you'd have to read the article that this one linked to. :b
Lol fair enough