Was worried about how rising energy costs would affect me and my family

Then I remembered that we have our savings stored in ENERGY MONEY

Rising energy prices means the cost of creating new #Bitcoin increases, ultimately raising the value of existing Bitcoin

🤯

For those objecting "difficult adjustment!", gotta think past that. Many miners don't switch off if their electricity rate goes up - either deep enough in profitability that it doesn't matter, or no plans to sell at low price anyway. Result = total mining elec costs increase

It also creates a funny second-order effect: miners receiving electricity below newly increased weighted avg electricity price are freshly incentivized to add hashpower to the network, spurring total hashrate & raising costs to mine a block

Rising energy costs increase the entrepreneurial incentives to find cheap energy at the margin and exploit it, which adds to the total hashrate and drives up the replacement cost of Bitcoin. this serves as one input to Bitcoin's market price (selling pressure from miners)