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> I really do hate cryptocurremcies because of their ludicrous waste of fossil fuels It'll never be economical to mine cryptos with fossil fuels in the long te
by aianus 10y ago
> I really do hate cryptocurremcies because of their ludicrous waste of fossil fuels
It'll never be economical to mine cryptos with fossil fuels in the long term. Commercial mining will end up concentrated in Iceland etc. where the electricity is both cheap and difficult to export.
Short term, yes, unfortunately they're using fossil fuels but only because of Chinese capital controls that effectively subsidize Chinese miners.
- rspeer 10y agoThat's your long-term vision for how cryptocurrency goes clean? How would you say Iceland's last foray into finance went? Not sure what you mean by the "etc." in "Iceland etc." -- I don't know of a country besides Iceland that has more power than they can use.