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Vast majority of crypto currency mining is done with excess green energy that would otherwise be rejected by the grid and wasted, as high as 78% by some estimat
by Passthepeas 6y ago
Vast majority of crypto currency mining is done with excess green energy that would otherwise be rejected by the grid and wasted, as high as 78% by some estimates.
https://medium.com/value-of-bitcoin/bitcoins-energy-consumption-is-a-necessity-and-has-positive-impact-on-the-environment-752502288082 https://medium.com/value-of-bitcoin/bitcoins-energy-consumpt...
- banachtarski 6y agoSorry but this reeks of nonsense to me. Even if true, surely the compute power could be used for protein folding or something actually useful instead of hashing bits only to throw the results away the majority of the time. Crypto needs to die.
- cryptica 6y agoNot all cryptocurrencies require a ton of electricity. Some, such as those based on Proof of Stake are extremely efficient and use very little electricity so it's not fair to disparage them all on that basis.