[corkoman]

But Bitcoin’s flaw is that it requires a lot of energy to mine. There are only a few companies that mine it and they’re all in cold weather climates that don’t require cooling.

Most of the bitcoins have been mined. Those were the low-hanging fruit as it were. There are actually thousands of computers chugging along vying for the remainders some of those are "organized" farms and being in arctic circle locales means lower cooling costs. There remains thousands of individuals with PCs running the math program round the clock - mostly enthusiasts with money to burn.

I wish the El Salvadorans had not cozied up with CCP who are gaining ground in Central and South America. And stop sending us their criminals and sick.

[neefer]

There remains thousands of individuals with PCs running the math program round the clock - mostly enthusiasts with money to burn.

Indeed. There isn't much incentive to mine Bitcoin. Obviously, those who got in early made the most from it. And I've heard many of those people say "I'll never sell my Bitcoin." But I can't see it going higher than $100K in the near future then slowly fading into irrelevance. It can't handle the transaction speed of newer coins. My money is on Solana (which it the only major coin that hasn't dropped yet today).

[PeterPrinciple]

so bitcoin causes global warming? and is melting glaciers?