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Bitcoin's Energy Consumption Could Increase Global Temps 2 C by 2033
- Obi_Juan_Kenobi 8y agoWorthless. This is a naive extrapolation based on 'adoption' proportion, which fails simple scrutiny as it does not account for the scheduled reduction in coinbase rewards. Put another way, Bitcoin mining is currently subsidized to an enormous degree by massive inflation. This doesn't even get into the weeds of scaling cryptocurrencies, the elasticity of txn demand (and supply, if not for the arbitrary 1MB cap), and all the factors that go into equilibrium mining prices.
- IXxXI 8y agoMost bitcoin mining utilizes hydroelectric energy. Its much cleaner & more environmentally friendly than fake news academics give it credit for being.