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RE: How much energy does Bitcoin actually use?
Not sustainable if they can´t find a way to lower the cost of energy. I saw a raw goods analyser predict Bitcoin at 6.000 $, because of the energy cost. That was when Bitcoin was at 20.000 $ mark. Should have shorted it then.
As the energy cost runs higher and higher, the cost of Bitcoin is bound to go even further down.
Yeah I agree - I think at the moment the profitability is right down. Some miners might leave, but then the rewards for those that remain will increase due to less competition.
I agree that the price will probably keep falling
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