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Oh man, I thought the same thing! I though to myself "all that electricity needed to maintain the blockchain, and they want to handle climate change?!"

• sneak 8y ago
  Not all blockchains use a lot of electricity. Electricity can also be generated in large quantities without changing the climate.
  • josteink 8y ago
    It’s a zero sum game. That electricity could have been used to replace polluting power-sources.
    • tasty_freeze 8y ago
      No, not if they expressly are finding a renewable source of electricity. Say they have enough rooftop space to install solar panels to cover their needs (don't nitpick that; just say it is true). Yes, this company could have bought the solar panels and then sold their electricity on the market, perhaps displacing some conventional energy source, but that isn't their business. Their business is this crypto market for carbon credits; they have a need for power, they fill that need with a renewable source.