Why are miners sometimes paid in energy credits? There’s a really interesting correlation between energy and Bitcoin in particular. Power is the key investment that any miner has to make in order to earn the potential of receiving a bitcoin reward. And so there’s a high correlation between energy and the mining of Bitcoin and the price of Bitcoin. You can almost think of Bitcoin as a store of energy because of the amount of energy it takes across the Blockchain as a whole and the distributed network in order to generate the next block, generate the next amount of Bitcoin and provide security to the network as a whole. And so from a miners perspective, if they’re being asked to not mine, which is their revenue generation activity, then they want to be compensated for that. #bitc
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