3 ms·
> I can see no way that consuming more energy can result in an improvement to the environment (unless that energy usage was directly related to improving the en
by paystaxes 6y ago
> I can see no way that consuming more energy can result in an improvement to the environment (unless that energy usage was directly related to improving the environment).
Literally the entire point of the comment you are responding to was to outline how bitcoin mining can help support the economic viability of renewable energy projects like wind farms.
- SamBam 6y agoAnd since we already use far more electricity than renewables generate, I dismissed this concern in my comment. I mean, if that were valid, wouldn't it be more environmental if we all just left the lights on 24 hours a day? Or turned on thousands of A/C units outdoors? It's like saying my burning $1000/day of my company's money incentives the company to earn more money, so it's actually a good thing.
- paystaxes 6y agoI don't think you're understanding the point being made. It's not simply that bitcoin consumes energy, but about the economics of renewable energy infrastructure. Building a renewable project large enough to power an entire city during peak hours often does not make economic sense because of the large fluctuations in consumption. But, if you have a bitcoin mine that you can flip on to consume the excess energy during off hours, suddenly the economic viability is completely different.