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Teslas holdings do not cause emissions. Every time I see one of these bitcoin climate articles on HN the quality of dialog and general knowledgeability of the s
by pcdoodle 6y ago
Teslas holdings do not cause emissions. Every time I see one of these bitcoin climate articles on HN the quality of dialog and general knowledgeability of the subject at hand, takes a nose dive.
- paulgb 6y agoSure, technically it’s not holding that increases emissions, it’s buying, but you can’t hold without buying. Buying increases the market price, which increases the market value of the block reward, which increases the amount of energy miners are willing to use to earn the block reward.
- pcdoodle 6y agoAnd also increases the demand for more efficient mining rigs and pushes miners to move equipment. When we sold the miners we used to heat our building back in the winter of 2017, We made sure they went to an ethical place (a hydro dam in OR). In some cases, it's a neat way to store energy that would otherwise be waisted.