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I thought this article had some good counterpoints about the claim Bitcoin uses too much energy https://www.coindesk.com/the-last-word-on-bitcoins-energy-consu
by xref 6y ago
I thought this article had some good counterpoints about the claim Bitcoin uses too much energy
https://www.coindesk.com/the-last-word-on-bitcoins-energy-consumption https://www.coindesk.com/the-last-word-on-bitcoins-energy-co...
> Dams can only store so much potential energy in the form of water before they must let it out. It’s an open secret that this otherwise-wasted energy has been put to use mining Bitcoin. If your local energy cost is effectively zero but you cannot sell your energy anywhere, the existence of a global buyer for energy is a godsend.
> [detractors] are mum when it comes to the energy used to illuminate Christmas lights, to power the data centers behind Netflix or to distribute untold millions of single-serve meal kits. It’s clear that because Bitcoin’s footprint is so easy to quantify...it is singled out for special treatment.