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I’d be interested to see a citation on that. But even still, couldn’t those renewables be used for other applications if Bitcoin isn’t using them? > will turn
by afavour 6y ago
I’d be interested to see a citation on that. But even still, couldn’t those renewables be used for other applications if Bitcoin isn’t using them?
> will turn off when rates are high
But doesn’t Bitcoin directly contribute to rates rising? Supply and demand, and all that.
- pstrateman 6y agoI'm the citation, I've done large scale mining. Storage exceeds the value of the energy now and for the foreseeable future. The energy being used is largely not wasted, it's simply excess.