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It's not really a problem. There's lots of energy around, and consuming energy isn't bad per se. Most Bitcoin miners run on renewables nowadays, because renewa
by Geee 6y ago
It's not really a problem. There's lots of energy around, and consuming energy isn't bad per se.
Most Bitcoin miners run on renewables nowadays, because renewables are the cheapest sources of energy when miners can locate to them.
Also, the main assumption of Bitcoin's security model is that it's rather impossible to centralize energy production on this planet (or in the universe). Proof-of-stake assumes decentralization of ownership, which is a flimsier assumption, and will fail asymptotically.
- minerjoe 6y ago"run on renewables nowadays". I don't think that is true. At least not here in Montana. We've had several large farms pop up in old industrial parks due to the very low cost of electricity here. It's from coal.
- Geee 6y agoMost Bitcoin miners are in Montana? https://cointelegraph.com/news/study-over-74-of-bitcoin-mining-is-powered-by-renewable-energy https://cointelegraph.com/news/study-over-74-of-bitcoin-mini...