Mostly due to the fact that mining bitcoin becomes harder as more and more are found, and the “worth” of that work no longer exceeds the cost in electricity to do so.
In the past, it was basically free money, especially with how volatile it’s value is/was
You mean getting paid for using energy is not a working business model? Was about time that the market found that out
Getting paid for using energy is literally every business model.
Given the current price of bitcoin, I suspect the market still doesn’t know.
Mostly due to the fact that mining bitcoin becomes harder as more and more are found, and the “worth” of that work no longer exceeds the cost in electricity to do so.
In the past, it was basically free money, especially with how volatile it’s value is/was