RE: China shuts down 8% of the global bitcoin mining supply

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As crypto goes more mainstream, and people become concerned with its inefficient use of energy, proof of work coins will lose market share to more efficient proof of stake coins. I doubt Bitcoin will be nearly as important in a few years as it is today.



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I agree that the power use is massive, as I said in the post. We shall see where bitcoin is in a few years. As I said in the post, it's easy to come up with clean energy to run PoW bitcoin mining. Your speculation is understandable regarding bitcoin. Time will prove you right or wrong.

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