Comment on Bitcoin mining is no longer profitable

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locuester@lemmy.zip ⁨20⁩ ⁨hours⁩ ago

It’s the same with all the chains. An algorithm change is a hard fork. If you don’t implement it, your validating node will not continue with the rest.

Bitcoin has the BIP (Bitcoin Improvement Proposal) process. BIP-52 is an example of a proposal to change the algorithm due to energy concerns.

If the humans reach consensus it will change. However, I maintain that software can’t be programmed to adjust for social concerns - the humans have to change it.

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