How does crypto survive soaring energy costs?

how does crypto survive soaring energy costs?
It will soon be impossible to profitably mine.

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ecb.europa.eu/press/key/date/2022/html/ecb.sp220516~454821f0e3.en.html
politico.eu/article/digital-euro-bill-due-early-2023/
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im asking myself the same question since this shitfest started. Mining difficulty still soaring wtf ?? are they all stealing electricity or what

Supply becomes limited, and price goes up.
Rejoice, the great golden bullrun is here.

why my peanus weenus of course. :D

price goes up, problem solved. also volcanoes dont charge a bill

Ah yes the great demand for useless internet coins in times of great depression and war will surely increase

Almost no one mines Bitcoin in mainland Europe.
And GPU mining will be as good as dead in 9 days

In tough times, people turn to gambling. They don't have any other way to make money.

holy shit yes!!! GPU miners GET FUCKED!!!!!! high energy costs sucks, but knowing all those shitheads won't be destroying the environment and fuck up the GPU market anymore will at least keep my heart warm and put an instant grin of satisfaction on my face.

Shiny rocks also do great in a recession.
I wouldnt go all in, but a bit wont hurt

>Supply becomes limited
Supply is already limited.

Why will GPU mining be dead in 9 days?

Gamers are also getting fucked. A modern pc build is going to cost 1 to €1,5 an hour at this rate. Which would cost you about 1638,- a year taken at 3 hours a day.

If you cant afford scalped gpu's, you cant afford to play vidya

I said, as good as dead.
Maybe ~5% of GPU miners will still be profitable after the ETH merge. None in Europe tho. Only those with dirt cheapest or free electricity will survive.

>Bitcoin
>Gambling
It's not 2014 anymore. Bullish for bsc shitcoins though

>how does BTC survive soaring energy costs?
difficulty adjustment.
That's why it fucking works.

Exactly.
All in on your favourite dogcoin.

That should not be an option in tmes like this when you can stake and make some very cool cash either with stables or alts like RAIL,XMR and so on

In this situation, diversification is very important so you don't get exploited more reasons i am looking out for the next IDO that will be coming up on Uplift

who is buying at higher prices? energy is required. shitcoins not needed.

>Recent developments in the market for crypto-assets illustrate that it is an illusion to believe that private instruments can act as money when they cannot be converted at par into public money at all times.

>Despite claims that cryptos are a trustworthy form of “currency” free from public control, they are too risky to act as a reliable means of payment. They behave more like speculative assets and raise multiple public policy and financial stability concerns.[4]

>Anyone investing in cryptos must be prepared to lose all their investment.[5]
ecb.europa.eu/press/key/date/2022/html/ecb.sp220516~454821f0e3.en.html

>(((Central banks))) across the world are developing virtual money to ensure they’re not undermined by the growing popularity of cryptocurrencies, which has inspired Big Tech to eye ways to enter the payments market. One of the biggest jolts was when Facebook, owned by Meta, announced a few years ago that it would launch a virtual currency with 25 other companies.

>"We must push forward with full speed. No one will wait for us," German Chancellor Olaf Scholz told reporters last year when he was finance minister. "I am convinced that eurozone countries need to take part more actively in the process and play a stronger role."
politico.eu/article/digital-euro-bill-due-early-2023/

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>live in desert
>buy solar panels
>???
>generate so much energy you can sell back to the state any excess you have while also keeping mining operations going and as many AC units as you want
>PROFIT!