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Genuine question: how much does this matter if much of it is renewables and cheap hydro? I feel like the negative externalities of using a lot of electricity are very very tied to where that electricity came from
Yet the amount of environmental destruction and pollution done by Argentina to support their massive livestock industry is something Bitcoin will never achieve.
With these issues in addition to the high power consumption, how will Bitcoin become a usable currency?
Perhaps not all of it is entirely "wasted" though. I've largely been able to avoid heating this winter as a result of crypto mining. A computer pumping ~300W into the air 24/7 is remarkably effective for a small apartment
If we could burn bitcoin apologists we would have infinite energy because you are the densest bunch I've ever met https://en.wikipedia.org/wiki/Climate_change
Genuine question: how much does this matter if much of it is renewables and cheap hydro? I feel like the negative externalities of using a lot of electricity are very very tied to where that electricity came from
10% is in Sichuan, which appears to be largely hydro-driven[3].
1: https://cbeci.org/mining_map
2: https://en.wikipedia.org/wiki/List_of_major_power_stations_i...
3: https://en.wikipedia.org/wiki/List_of_major_power_stations_i...
Does anyone have any figures on what regular banking systems use for accepted/official currencies? I feel like this has blown up so much that it makes sense to compare and contrast.
Question that came to mind after reading the headline: could this become a future reason for governments to criminalise the trading / use of Bitcoin because of negative environmental effects? On the surface it seems the value of Bitcoin is directly tied to its energy consumption and thus environmental harm. I get that Bitcoin itself is decentralised and cannot be banned outright. But could it be neutered in such a wa…
There's no need for mental gymnastics of blaming energy. Just one powerful guy says "no" and poof, its illegal. Now laws or logic required.
There was an exception for collector coins and jewelry
Genuine question: how much does this matter if much of it is renewables and cheap hydro? I feel like the negative externalities of using a lot of electricity are very very tied to where that electricity came from
Question that came to mind after reading the headline: could this become a future reason for governments to criminalise the trading / use of Bitcoin because of negative environmental effects? On the surface it seems the value of Bitcoin is directly tied to its energy consumption and thus environmental harm. I get that Bitcoin itself is decentralised and cannot be banned outright. But could it be neutered in such a wa…
Yes. Holding gold in the US was illegal due to executive order 6102. There's no need for mental gymnastics of blaming energy. Just one powerful guy says "no" and poof, its illegal. Now laws or logic required. There was an exception for collector coins and jewelry