Bitcoin consumed 134 TWh in total during 2021

Post by scottiebarnes » Sun, Jan 02, 2022, 6:16 PM UTC

arcticbull wrote: post #162

scottiebarnes wrote: post #135

Earlier quoted context omitted.

Energy isn't scarce, its actually abundant. At this particular moment, clean renewable energy capacity is more scarce than fossil fuel, but there is simply far more potential energy in solar, wind, nuclear, etc. Remember, our planet is bombarded by solar rays 24/7 and will continue to receive this energy for billions of years. Human energy consumption has been exponential over time. We started by harvesting crops wit…

> Rather than scapegoat Bitcoin for our climate crisis, start by... I too enjoy whataboutism to distract folks from the environmental impact of my favorite Ponzi scheme. > Do those things, and Bitcoin will literally subsidize and accelerate clean energy infrastructure investment. If you invest in massive solar and wind plants then use that energy to roll rocks up and back down a hill forever like Sisyphus, that's jus…

Post by arcticbull » Sun, Jan 02, 2022, 6:17 PM UTC

cableshaft wrote: post #169

arcticbull wrote: post #112

Earlier quoted context omitted.

The worst part is that according to Cambridge some 40% of that is coal power [1]. Frequently the dirtiest coal power in the world, between Xinjiang (no longer, probably...) and Kazakhstan. Coal power causes excess mortality of anywhere between 25 and 278 deaths per TWh generated depending on how you're counting it and (most importantly) where it's generated. [2,3,4] Bitcoin's addiction to dirty coal killed between 15…

You really think that China banning bitcoin means they no longer use those dirty coal power plants? For a country that has such a huge demand for power that it's had blackouts and struggled to keep businesses powered even AFTER they banned all bitcoin mining[1]? Maybe that might even have to do with why they banned it in the first place? It sucks that bitcoin uses so much power, but these countries using fossil fuels…

Post by not2b » Sun, Jan 02, 2022, 6:18 PM UTC

johndevor wrote: post #142

arcticbull wrote: post #112

Earlier quoted context omitted.

The worst part is that according to Cambridge some 40% of that is coal power [1]. Frequently the dirtiest coal power in the world, between Xinjiang (no longer, probably...) and Kazakhstan. Coal power causes excess mortality of anywhere between 25 and 278 deaths per TWh generated depending on how you're counting it and (most importantly) where it's generated. [2,3,4] Bitcoin's addiction to dirty coal killed between 15…

> In a few years Bitcoin mining will kill way more people than the number of political dissidents How are you counting the number of political dissidents saved?

Post by unicornmama » Sun, Jan 02, 2022, 6:18 PM UTC

nprz wrote: post #160

hocuspocus wrote: post #121

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There's none. It's mind boggling that 12 years later, people like the parent poster are still claiming bullshit like that when there's literally zero evidence, rather the opposite. No country with underdeveloped banking and payment systems is interested in something like Bitcoin. They need something cheap and efficient, federated and... centralized! Many African countries are perfectly fine using M-Pesa.

Nigerians beg to differ: https://www.theguardian.com/technology/2021/jul/31/out-of-co...

Post by esarbe » Sun, Jan 02, 2022, 6:20 PM UTC

oneoff786 wrote: post #149

thathndude wrote: post #55

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I have a son who is just about 10 years old, and he’s getting to the age where he’s beginning to realize how irrational our world is. We recently had a conversation discussing the fact that we could eradicate hunger and the need for clean water globally, but for a whole host of reasons we have not yet done it. He continues to probe “why“ and all I can say is, essentially, because people are greedy and unmotivated gen…

If you give food to poor areas for free then their farmers go out of business, the area becomes more poor, and they become dependent on aid. Breaking systems always has consequences. It’s not easy.