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0 sats \ 0 replies \ @NorthKoreanHostage 11 Dec 2022 \ on: Bitcoin on-chain deep dive: BTC falls below the global electrical cost bitcoin
Worry not, my spazoid.
When mining becomes less profitable, the less competitive miners drop out.
Even if the hash rate falls, there's a difficulty adjustment every 2 weeks that gets the average block time to 10 minutes.
This just forces Bitcoin mining to become more efficient. This is good for Bitcoin.