3 ms·
If all crypto was mined with renewable energy, would it be a huge environmental issue?
by paystaxes 6y ago
If all crypto was mined with renewable energy, would it be a huge environmental issue?
- jf22 6y agoYes. Renewable doesn't mean without a carbon or other cost. All energy usage and production takes resources from the planet.
- lucb1e 6y agoYes. Even if every major country on earth requires PoW systems to use renewable electricity (which won't happen any time soon in the first place) and can't run on the regular mixed grid, then after switching to countries without such laws (until there are none left), the renewable energy will be bought up at the source and the coal and gas plants will continue to supply everyone else. Nothing changes. We need to change everything else to renewable before this really starts to be effective. It would make a much bigger impact if some countries, where users want to use cryptocurrency, make it illegal to use proof-of-work-based goods or currencies (whatever it's classified as). Suddenly a coin with PoS or something else becomes much more popular and we might, perhaps, shift over to a digital coin that is not a climate disaster.