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> "right now there is no "better" use for that electricity than bitcoin." That's just not true. The higher the price of Bitcoin, the more incentive there is fo

by pavlov 6y ago

> "right now there is no "better" use for that electricity than bitcoin." That's just not true. The higher the price of Bitcoin, the more incentive there is for miners to outbid other energy consumers.

insert_coin 6y ago
Which is what I said, that is my point. That everything else is becoming so unattractive, that is the problem.
- pavlov 6y ago
  Adding lead to gasoline was an attractive innovation, and very profitable to oil companies. It was also a known poison. Market forces alone don’t always solve these problems.
soheil 6y ago
Which is exactly what the OP's point is, ie if the price of Bitcoin is high enough == there is no better use than to mine Bitcoin
- guenthert 6y ago
  Say profitable if you mean that, not "better".
  - soheil 6y ago
    ...better use for electricity
    - ori_b 6y ago
      Shuttering -- or not even building -- unnecessary power plants is a better use of electricity.