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And every cent coin created in US and some other developed countries costs more than 1 cent and promotes harmful mining operations for copper and other metals. Also copper is harmful for environment. We should stop making money altogether. /s
This is about the furthest thing from “science”. Just sensationalist propaganda. It’s so far from being even remotely plausible. Maybe 1 BTC is responsible for $0.49 of “damage” if you could ever actually quantify it. Most of this electricity comes from the cheapest source of power, which is hydro.
And every cent coin created in US and some other developed countries costs more than 1 cent and promotes harmful mining operations for copper and other metals. Also copper is harmful for environment. We should stop making money altogether. /s
It's not for environmental reasons either: cash is just inconvenient when you think about it.
Great now do the U.S. dollar
Not that the cumulative damages amount to the total market cap (though this could be calculated as well)
All these Crypto posts are getting pretty tiring.
This is about the furthest thing from “science”. Just sensationalist propaganda. It’s so far from being even remotely plausible. Maybe 1 BTC is responsible for $0.49 of “damage” if you could ever actually quantify it. Most of this electricity comes from the cheapest source of power, which is hydro.
Energy is not an infinite resource. The energy used to mine bitcoin could have been used for something else instead.
And every cent coin created in US and some other developed countries costs more than 1 cent and promotes harmful mining operations for copper and other metals. Also copper is harmful for environment. We should stop making money altogether. /s
No need to throw the baby away with the bathwater ...