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In reply to: “THE ENVIRONMENTAL ISSUES WITH CRYPTOART WILL BE SOLVED SOON, RIGHT?" | Medium

A cryptocurrency’s energy cost is tied to its current price. This is because cryptocurrencies are designed to incentivize miners- if they were not tied together, the potential value return of a making a bitcoin could fall below the price of electricity required to make it.

Because of this, Bitcoin’s continued financial return depends on coins being harder to make in the future. The people who invest in cryptocurrencies- like any kind of futures speculation- are betting that it will be better to be holding this resource tomorrow than making it.

In reply to: The problem of CryptoArt – Studio Joanie Lemercier

It turns out my release of 6 CryptoArt works consumed in 10 seconds more electricity than the entire studio over the past 2 years.