Earlier quoted context omitted.
> Advocates will defend this by saying most energy usage is renewable. Even if true (iirc there is a lot of doubt whether it is, see Iran), it's still moronic, because consuming renewable energy for shits and giggles obviously means that other energy demands are being met with your usual energy mix instead of that renewable energy that went into shits and giggles as assumed. In terms of net emissions it simply doesn'…
Proof of work cryptos are a pox on society. That said they are some of the most location neutral energy consumers. This allows mining farms to be located adjacent to hydro dams or wind farms to get the cheapest energy and use energy that would otherwise be lost in transmission. 1TW is around 20% of global energy production. This is enough of a factor to impact manufacturing of renewable energy equipment. It allows th…
Then the difficulty would jump and we'd need to send one to Jupiter.
Then to mercury to set up the dyson swarm.
Suddenly we are a Kardashev civ... but it's all for bitcoin mining for rich billionaire paranoia of centralized currency control by the US government, and the actual bitcoin production rate is constant since the difficulty rate on the coins exploded from galaxy-spanning miner fleets.