Comment on Bitcoin mining is no longer profitable

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Hirom@beehaw.org ⁨2⁩ ⁨days⁩ ago

The network was built to adjust

Then why doesn’t it adjust to avoid negative social and environmental effects? My guess is that it’s because it’s not possible to adjust bitcoin’s algorithm, and that miners don’t have enough intensive to abandon bitcoin for something less destructive.

My understanding is that bitcoin’s core algorithm, which include the difficulty and consensus logic, cannot modified nor fixed in any way.

A hard fork is possible, which means leaving the bitcoin network and setting up an alternative (hopefully better) network with different result.

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