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Bitcoin’s energy usage is huge – we can't afford to ignore it
- gervase 8y agoMore commentary found here: https://news.ycombinator.com/item?id=16173345 https://news.ycombinator.com/item?id=16173345
- CaliforniaKarl 8y agoIf I remember correctly, some areas already have a fair amount of power infrastructure that is currently dedicated just to mining. I hope that the power providers in those areas have enough guarantees (with insurance, bonds, etc. backing it up) to ensure that the miners don't just walk away when the price gets too low.
- DoctorBit 8y agoIn Newport, Washington, electricity is so inexpensive ($0.05/kWh) that almost everyone uses electric baseboard heat - and it gets very cold (10 degrees Fahrenheit) in the winter. Those baseboard heaters could be swapped out with bitcoin miners with NO change in power consumption, and there are plenty of other places around the world with similar conditions.