Cambridge Bitcoin Electricity Consumption Index
ccaf.io
ccaf.io
https://x.com/Audiodidakt314/status/1867216724413522281/phot...
Either it will become more stable in the future or the interest will fade and it will dump.
It could also turn into an orangutan. Or is that outside the range of possible outcomes?
Whoever made this graph doesn't seem to know what they're even looking for.
Long term I think this is bad for Bitcoin, to more decentralized the mining is, the better off the network will be.
Interesting times indeed.
It was designed to be wild and unregulated, but that made it extremely vulnerable to speculation, fraud, and money laundering. Now that it is starting to be scrutinized, regulated, and even adopted by some banks, it will eventually become similar to regular money.
The power waste is collateral damage.