For the unaware, bitcoin’s network is secured by a few centralized companies colluding and wasting as much energy as possible using special computers to guess trillions of mathematical equations each second in a pointless lottery to prevent an adversary wasting more energy to take it over. This is called PoW or Proof of Work. Commonly referred to as Proof of Waste.
Sounds dumb doesn’t it?
Rewards are tiny amounts of bitcoin sold to suckers in a zero sum game.
Since the price has fallen nearly 50% in less than 2 weeks, one would deduce a massive reduction of energy wasted by these irresponsible companies propping up this decades most expensive and environmentally harmful Ponzi scheme.
Further information and sources:
Keep mindful that most bitcoin trading volume are bots sending money between their own wallets that are free to generate and nearly limitless in number.
An excellent site reporting how wasteful this scam is and how much damage it’s caused.