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Most of bitcoin is mined with clean energy. Also, deflationary money is the best thing that can happen to environment. It's time to stop destroying savings in
by Geee 6y ago
Most of bitcoin is mined with clean energy.
Also, deflationary money is the best thing that can happen to environment. It's time to stop destroying savings in order to accelerate pointless consumption (and production).
- r00fus 6y ago> Most of bitcoin is mined with clean energy Do you have a cite for this?
- Geee 6y agoIt's just basic economics as renewables are the most profitable. Most of mining happens in China because the regime has overinvested in hydroelectricity and there's lots of unused capacity available. There's one study I found (not quite recent though): https://www.cryptoglobe.com/latest/2019/06/74-of-bitcoin-mining-is-powered-by-renewable-energy/ https://www.cryptoglobe.com/latest/2019/06/74-of-bitcoin-min...
- dumbfounder 6y agoThis article says by overall consumptions it's about 39%: https://www.finextra.com/newsarticle/36672/renewable-energy-not-as-prominent-in-cryptocurrency-mining-as-previously-claimed https://www.finextra.com/newsarticle/36672/renewable-energy-...