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Of course yes, similarly in China with hydro power and in Iceland with geothermals, but that's impossible to explain to these 'critics', they don't even accept
by emteycz 6y ago
Of course yes, similarly in China with hydro power and in Iceland with geothermals, but that's impossible to explain to these 'critics', they don't even accept the concept of waste electricity - in their world electricity can easily beam anywhere across the Earth without any costs and infrastructure and/or be stored for however long in whatever amount, for free. Even the fact that ordinary electricity costs 3 times the earnings from mining doesn't stop them.
Anecdotes about a brother of their friend's cousin mining using GPUs will be invoked to argue people are mining in their basements using grid electricity and thus the Bitcoin network uses fossil fuels, even though mining with GPUs is impossible for many years now.
The benefits of Bitcoin will be handwaved away even though they criticize the "high cost" of transactions - who the hell uses these costly transactions if Bitcoin is so useless and can be replaced by cheaper and better methods?