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I keep hearing this notion repeated, but I've never seen a citation. Do you have any evidence that: a) Most bitcoin in China is mined using hydroelectric powe
by ForHackernews 9y ago
I keep hearing this notion repeated, but I've never seen a citation.
Do you have any evidence that:
a) Most bitcoin in China is mined using hydroelectric power.
b) That the generation capacity in question is "excess" (i.e. it would not have been put to productive use except for bitcoin mining)
It's also worth noting that damming rivers for hydroelectric power is enormously damaging to the surrounding ecosystem, even if they aren't carbon-emitting: https://en.wikipedia.org/wiki/Environmental_impact_of_reservoirs https://en.wikipedia.org/wiki/Environmental_impact_of_reserv...
- scottnyc 9y agoFully agree. Following suggest coal is still the main source of energy for Chinese miners. https://qz.com/1055126/photos-china-has-one-of-worlds-largest-bitcoin-mines/ https://qz.com/1055126/photos-china-has-one-of-worlds-larges... https://www.bloomberg.com/news/articles/2017-12-15/turning-coal-into-bitcoin-dirty-secret-of-2017-s-hottest-market https://www.bloomberg.com/news/articles/2017-12-15/turning-c...