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You mentioned electric cars, but Bitcoin deserves much of the blame: https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-
by minikites 7y ago
You mentioned electric cars, but Bitcoin deserves much of the blame:
https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency https://www.theguardian.com/technology/2018/jan/17/bitcoin-e...
>Bitcoin’s electricity usage is enormous. In November, the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland. Since then, its demands have only grown. It’s now on pace to use just over 42TWh of electricity in a year, placing it ahead of New Zealand and Hungary and just behind Peru, according to estimates from Digiconomist. That’s commensurate with CO2 emissions of 20 megatonnes – or roughly 1m transatlantic flights.
- coldtea 7y agoCurrencies based on "hard cpu work" should be forbidden for that alone...
- adrianN 7y agoI'd rather see a global tax on carbon. Suddenly Bitcoins mined with coal are no longer profitable.
- mikepurvis 7y agoIsn't that kind of what agreements like the Paris accord are supposed to accomplish? Individual nations retain sovereignty and can set their own precise laws, but as long as everyone's above some baseline you can't arbitrage by moving the polluting part of your business to Asia or Africa.
- adrianN 7y ago"Supposed to" are the important words. Currently literally no country is taking the Paris agreement seriously.