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Mining is arguably the best aspect since it incentivizes using cheap renewable energy, which is why you'll find many large industrial mining farms using hydroel
by grubles 7y ago
Mining is arguably the best aspect since it incentivizes using cheap renewable energy, which is why you'll find many large industrial mining farms using hydroelectric dam-produced electricity.
- perl4ever 7y agoPrinting a dollar bill doesn't require dissipating a dollar's worth of energy. It only costs a few cents. "Printing" a dollar's worth of Bitcoin inherently requires a dollar's worth of energy to be used with no other purpose. That seems like a stark difference to me and the basis for thinking Bitcoin is like a virus. It's the closest thing to the "gray goo" scenario we've seen yet.