Hacker News new | ask | show | jobs
by flerchin 1135 days ago
Rising prices increases energy used, as miners are primarily constrained by energy costs, and higher prices allows them to use more energy and still be profitable. Higher BTC prices are bad for the environment.
1 comments

Not necessarily true. There is limited power to go around and finding spaces is also difficult. At scale, this becomes a limiting issue. Just because the price goes up, does not mean that a company can take on the risk of allocating multi-year contracts to expand.