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Carbon taxes also wouldn't make Bitcoin worthless. You can easily imagine Bitcoin mines powered by solar. Many already are, in order to capitalize on the cheap
by ipnon 6y ago
Carbon taxes also wouldn't make Bitcoin worthless. You can easily imagine Bitcoin mines powered by solar. Many already are, in order to capitalize on the cheap energy. The article posted in the OP is specious.
- jonny_eh 6y agoSolar power isn't necessarily free of externalities though. Once you run out of roofs to install them on, you then need to use up land.
- ipnon 6y agoThe point is that Bitcoin isn't inherently carbon positive. It's carbon positivity depends on the power source used to mine it and carbon neutral power becomes cheaper and more available every day.