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For more articles on Bitcoin and Energy Consumption, see the Yes, Bitcoin is a Ponzi page [1] collecting many articles over the years on the gigantic CO2 and el

For more articles on Bitcoin and Energy Consumption, see the Yes, Bitcoin is a Ponzi page [1] collecting many articles over the years on the gigantic CO2 and electronic waste environmental disaster. [1] https://github.com/openblockchains/bitcoin-ponzi https://github.com/openblockchains/bitcoin-ponzi

lightgreen 6y ago
> CO2 In many places Bitcoin is mined electricity is co2 free. Generally, there are no reasons why electricity needs to emit co2: nuclear power plants can produce enough electricity to power all bitcoins in the world. > electronic waste environmental disaster As well as any other consumption. Bought a new car while old one if still running? You damaged the environment. To reduce the damage to the environment, garbage tax can be introduced, so market can decide what’s more important and less damaging, bitcoins or a new PlayStation. Bitcoins might be useless, but don’t blame it for all the problems in the world.
- cbzbc 6y ago
  > In many places Bitcoin is mined electricity is co2 free. And that electricity could otherwise be used to displace the use of electricity that generates co2.
  - lightgreen 6y ago
    No, electricity cannot be efficiently transferred over large distances or where there are no power lines with enough capacity. In certain places unused electricity is just lost.
    - Dma54rhs 6y ago
      At certain places they need to find someone to use the excess, that is why we even see on exchanges price for electricity going negative.
    - cbzbc 6y ago
      If you are generating electricity in places where it cannot be used then you are causing needless damage to the environment and you should certainly stop doing that. The idea that the majority of the energy used for bitcoin is generated in such places has no real basis in fact.
      - lightgreen 6y ago
        If you don't generate power and hydro power plant, you just overflow it, there is no damage in consuming this electricity. If sun is shining, and you don't generate solar electricity, if you heat it, and that's it, there's no damage taking solar electricity. And so on. > The idea that the majority of the energy used for bitcoin is generated in such places has no real basis in fact. It is based on fact. For example: "In so doing, the CoinShares team found that bitcoin miners were using a disproportionate share of renewables." https://www.vox.com/2019/6/18/18642645/bitcoin-energy-price-renewable-china https://www.vox.com/2019/6/18/18642645/bitcoin-energy-price-... But the original idea that bitcoin is a gigantic CO2 disaster is definitely not based on facts.
        cbzbc 6y ago
        > If sun is shining, and you don't generate solar electricity, if you heat it, and that's it, there's no damage taking solar electricity. Don't use solar panels where the electricity from them can't be fully utilised, they have an environmental cost to build.

lightgreen 6y ago

> CO2 In many places Bitcoin is mined electricity is co2 free. Generally, there are no reasons why electricity needs to emit co2: nuclear power plants can produce enough electricity to power all bitcoins in the world. > electronic waste environmental disaster As well as any other consumption. Bought a new car while old one if still running? You damaged the environment. To reduce the damage to the environment, garbage tax can be introduced, so market can decide what’s more important and less damaging, bitcoins or a new PlayStation. Bitcoins might be useless, but don’t blame it for all the problems in the world.

cbzbc 6y ago
> In many places Bitcoin is mined electricity is co2 free. And that electricity could otherwise be used to displace the use of electricity that generates co2.
- lightgreen 6y ago
  No, electricity cannot be efficiently transferred over large distances or where there are no power lines with enough capacity. In certain places unused electricity is just lost.
  - Dma54rhs 6y ago
    At certain places they need to find someone to use the excess, that is why we even see on exchanges price for electricity going negative.
  - cbzbc 6y ago
    If you are generating electricity in places where it cannot be used then you are causing needless damage to the environment and you should certainly stop doing that. The idea that the majority of the energy used for bitcoin is generated in such places has no real basis in fact.
    - lightgreen 6y ago
      If you don't generate power and hydro power plant, you just overflow it, there is no damage in consuming this electricity. If sun is shining, and you don't generate solar electricity, if you heat it, and that's it, there's no damage taking solar electricity. And so on. > The idea that the majority of the energy used for bitcoin is generated in such places has no real basis in fact. It is based on fact. For example: "In so doing, the CoinShares team found that bitcoin miners were using a disproportionate share of renewables." https://www.vox.com/2019/6/18/18642645/bitcoin-energy-price-renewable-china https://www.vox.com/2019/6/18/18642645/bitcoin-energy-price-... But the original idea that bitcoin is a gigantic CO2 disaster is definitely not based on facts.
      - cbzbc 6y ago
        > If sun is shining, and you don't generate solar electricity, if you heat it, and that's it, there's no damage taking solar electricity. Don't use solar panels where the electricity from them can't be fully utilised, they have an environmental cost to build.