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This is really interesting. I wonder if we could invent a coin that can only be mined through renewable energy. This could be the incentive people need to move
by krashidov 6y ago
This is really interesting. I wonder if we could invent a coin that can only be mined through renewable energy. This could be the incentive people need to move off of carbon.
- Geee 6y agoThe good thing is that renewable is the cheapest source of energy, which means that Bitcoin is that coin. However, it depends on location, and currently hydropower is the most lucrative if you can find an already built, but underutilized plant. Bitcoin gives away $250,000 to miners every 10 minutes, which is a good incentive for new energy developments.
- martiantourist 6y agoThere are coins that don't use proof-of-work (which is the main reason mining bitcoin uses this much energy). Other methods for the blockchain to work like proof-of-stake correct this problem, therefor needing less energy.