US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • linearchaos@lemmy.worldEnglish
    52·
    2 years ago

    I’m not an economist or anything, but I don’t think it’s a sunk cost fallacy I think it’s just a market. They’re all mining both. Just leaning heavier on whichever one makes them more money in the moment. The market is going to have a hell of a lot of inertia.

    • lad@programming.devEnglish
      51·
      2 years ago

      The market is run by people, and people have been proven not to be rational. So, sunk cost easily applies to the market

      • linearchaos@lemmy.worldEnglish
        2·
        2 years ago

        Come on, that’s logic 101

        All a are b

        some b are c

        all a are not c.

        You can’t even claim that most A are C with that logic