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A carbon price wouldn't damage Bitcoin. Electricity costs for some miners would go up, some would drop out, hash rate goes down, difficulty adjusts to keep bloc
by DennisP 6y ago
A carbon price wouldn't damage Bitcoin. Electricity costs for some miners would go up, some would drop out, hash rate goes down, difficulty adjusts to keep blocks coming out every ten minutes, and everything continues as before.
(Still think proof-of-stake is big improvement though.)
- Wowfunhappy 6y agoWouldn't the bulk of mining just move to the one part of the world without a carbon tax? I know that's a danger with carbon taxes in general, but it strikes me as far easier to do with Bitcoin than anything else.
- Dma54rhs 6y agoI believe the bulk of mining already happens at places where electricity is extremely cheap?
- DennisP 6y agoYes, it'd probably need to be some kind of global system to prevent that. Countries doing their own carbon taxes normally add carbon tariffs to imports, but of course that wouldn't help for bitcoin.