![gif](giphy|c16VH0CFMh7gOqqXOM) CDC listing sell the news it seems. New launchpad announced $BURROW and stablecoin MUSD. [https://medium.com/@MMFinance/4f7c0e0ceed0](https://medium.com/@MMFinance/4f7c0e0ceed0) I'm buying more tiger, personally
Alchemix $ALCX, Ethereum Name Service $ENS, Gala $GALA, mStable USD $MUSD and Power Ledger $POWR are launching on u/CoinbasePro . Trading will begin on or after 9AM Pacific Time (PT) Tuesday November 16, if liquidity conditions are met.
This is not about hashrate. This is about the money you are giving to miners. Now, every day you give 900 BTC each worth of 40 000 USD to miners (not accounting for transaction fees, which would increase the figure). This is 36 million USD a day (ignoring taxes). This is split among miners. This is their motivation to mine. And mining means turn on some hardware and let it consume electricity. Independently from current hashrate. The number of miners depend on the mining costs and this total award they get. But the budget of 36 MUSD will be spent every day on the miners costs. Therefore, just the ratio of electricity in miners costs is important in the calculation how much electricity will be consumed. And this ration depends on electricity price, hardware price and the ability to enter mining (quite accessible right now). The global electricity generation does not increase fast enough to fundamentally change my results. ok, assuming a 20% increase in global electricity generation over the next for yours will result in BTC contributing to 2.7% instead of 3.3% in my calculation. I do not want to criticize bitcoin. I want to raise awareness of this problem, which you do not see if you just focus on hashrate. You may also check this: [https://www.nature.com/articles/s41467-021-22256-3](https://www.nature.com/articles/s41467-021-22256-3) which is about different things, but shows what is happening.
There around 2.200 billionaries in the world and also there are around [2.200](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) addresses with more than 1.000 BTC. So when BTC reaches 1MUSD, the owners of these address will hold 1BUSD or more.