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I think most of that is hydro-power or geothermal energy, as in some situation, these produce excess energy locally at times. This is not the same as "renewabl
by monopoledance 6y ago
I think most of that is hydro-power or geothermal energy, as in some situation, these produce excess energy locally at times.
This is not the same as "renewable" energy, it's locally bound opportunistic energy. Hydro- and geothermal power is limited and almost exhausted already. These power sources are not chosen because they are ecologically neutral, but because mining is portable and can opportunistically use temporary cheap sources, like hydro-electrical dams build before the intended consumers arrived. Nothing in Bitcoin inherently favors sustainable energy sources, over cheap supply. In the coming years, we will have to bite the bullet and chose very expensive endeavors over what the market suggests. Bitcoin doesn't fit this future. It's suggested "value" is nothing compared to humanity's survival.