21–30 of 37 posts
Earlier quoted context omitted.
> Electricity in the US is expensive It seems very cheap compared to most of Europe though?
I was thinking China. That's where most bitcoin is mined.
China banned Bitcoin mining years ago which caused miners to flee to other parts of the globe. Texas is the current powerhouse.
How utterly suprising.
Earlier quoted context omitted.
If you consider the consumption of energy required to make an EV versus a die cast combustion engine, you'll see the energy consumption got front loaded.
This is only partially true. 1. the amount of renewable will increase which will mean that this will not count in 50 years while gas cars will still burn fuel. 2. the overall co2 production is relevant smaller with EVs. There is probably a high correliation to co2 vs. energy (otherwise it would be weird).
CO2 is plant food, and is a red herring to the energy discussion.
Wow, it’s “mind-boggling” now. Interesting choice of words. I wonder who comes up with these points and what is the mechanism for distributing them to the news outlets worldwide?
Does it matter? Crypto, arguably useless to 99.9% of US citizens is ~~using~~ wasting 2% of all energy.
That’s pretty cool if you ask me. Being able to approve and move forward with a big solar or wind farm project because you have a Bitcoin miner willing to partner with you for the excess electricity generated seems like a win-win to me. Again, we obviously don’t want Bitcoin miners using dirty electricity or straining the grid in peak times where higher priority use cases arise, but that’s a matter of governance and oversight.
oh hey look another handwringing about crypto mining without mentioning actual mining waste or video game or movie waste? How utterly suprising.
Earlier quoted context omitted.
I was thinking China. That's where most bitcoin is mined.
The USA is actually the biggest Bitcoin mining nation [ https://www.techopedia.com/bitcoin-mining-and-energy-statist... .] China banned Bitcoin mining years ago which caused miners to flee to other parts of the globe. Texas is the current powerhouse.
Earlier quoted context omitted.
I was thinking China. That's where most bitcoin is mined.
The USA is actually the biggest Bitcoin mining nation [ https://www.techopedia.com/bitcoin-mining-and-energy-statist... .] China banned Bitcoin mining years ago which caused miners to flee to other parts of the globe. Texas is the current powerhouse.
Wow, it’s “mind-boggling” now. Interesting choice of words. I wonder who comes up with these points and what is the mechanism for distributing them to the news outlets worldwide?
Does it matter? Crypto, arguably useless to 99.9% of US citizens is ~~using~~ wasting 2% of all energy.
Earlier quoted context omitted.
This is only partially true. 1. the amount of renewable will increase which will mean that this will not count in 50 years while gas cars will still burn fuel. 2. the overall co2 production is relevant smaller with EVs. There is probably a high correliation to co2 vs. energy (otherwise it would be weird).
No one has an EV that will last 50 years. They are also not made from renewables. CO2 is plant food, and is a red herring to the energy discussion.
The EV components are primarily reusable.
A gas / fuel car will ALWAYS consume oil. If yo want to switch to greener energye transport systems like plant oil, you can do that, its just not very efficient in comparision to an EV car.
And if you really really ment co2 as 'plants will consume it' no they are not able to consume that excess co2. Otherwise this co2 graph wouldn't look how it looks now: https://gml.noaa.gov/ccgg/trends/
Earlier quoted context omitted.
Does it matter? Crypto, arguably useless to 99.9% of US citizens is ~~using~~ wasting 2% of all energy.
Not all electricity is created equal. I don’t think Bitcoin miners should be allowed to fire up an old coal power plant just for the sake of mining Bitcoin, but in the case of renewables, like hydro, wind, solar, etc., there is going to be, at times, more electricity generated than we can use or store. All other use cases aside, the ability for Bitcoin miners to turn excess or otherwise wasted electricity into revenu…