Post yfw lolberts thought they could escape the Tendency of the rate of profit to fall and thermoeconomics

motherboard.vice.com/en_us/article/ywbbpm/bitcoin-mining-electricity-consumption-ethereum-energy-climate-change

spectrum.ieee.org/energy/policy/the-ridiculous-amount-of-energy-it-takes-to-run-bitcoin

What does this have to do with TRPF?

I think OP is noting the amount of profit that can be gained from Bitcoin mining decreases as the cost of mining (really only the electric bill) increases. In rate of profit terms, the amount of profit gained per dollar invested is decreasing.

Reddit was freaking out about this earlier as well. Two things the tech bros love to promote are now in direct conflict.

But in the TRPF the rate of profit decreases because productivity increases (i.e., they need less labour), not because costs go up.

this.
bitcoins became less efficient. Capitalism's falling rate of profit happens because it becomes too efficient.

Can you show me some reddit freakouts?

How amazing. A commodity whose socially necessary labor time (or energy/work) increases over time.
It's not just a digital mud pie. It's a digital mud pie that becomes harder to make over time.

Is that how it's retaining value?

Post yfw realizing capitalist criticisms of Marx are just projections