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The energy waste of Bitcoin isn't a function of its decentralized nature, it's evidence that the decentralized nature is being subverted. A truly decentralized
by cwyers 11y ago
The energy waste of Bitcoin isn't a function of its decentralized nature, it's evidence that the decentralized nature is being subverted. A truly decentralized Bitcoin wouldn't have giant mining rigs that have to figure out what to do with all the waste heat, it'd be using spare CPU cycles that everyone has and the energy impact would be minimal. The energy waste comes from people using ASICs devoted to nothing but Bitcoin mining. And those same people, according to the article being discussed, are using their outsized impact to help steer the direction Bitcoin is headed in to the detriment of the majority of Bitcoin users. Bitcoin's ethos of "one CPU, one vote" was subverted as soon as people using dedicated Bitcoin mining hardware could have more votes than all the CPUs in the ecosystem put together.
- barkingcat 11y agoIn support of your points, I think it's worth remembering those "life in a bitcoin mine" videos that some journalists groups did http://media.coindesk.com/2014/09/20140729120509_0210.jpg http://media.coindesk.com/2014/09/20140729120509_0210.jpg The waste heat from these operations are not being reused. The energy most likely came from a coal fired power plant, or from a nuclear reactor.