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Bitcoiners use the cheapest energy they can find in place where they can cheaply install hash power. Some of that may be hydro. A lot is coal. Even when they
by user-the-name 6y ago
Bitcoiners use the cheapest energy they can find in place where they can cheaply install hash power.
Some of that may be hydro. A lot is coal.
Even when they do use green energy, the effect of doing that is to displace other users onto dirtier forms of energy, thus creating just as much pollution anyway.
Bitcoin is not green in any way whatsoever. Bitcoin specifically wastes energy, by design. This is never green. The first principle of green energy is to use less energy, as no energy is clean.
- gowld 6y agoThere's no one to displace. That's why the energy is cheap. Supply and demand.
- user-the-name 6y agoThis is just not true in the vast majority of cases. "Surplus energy" is another lie bitcoiners like to spread about this. Sure, there might be a few occasions where bitcoin mining might use surplus energy. In the vast majority of cases, no, they are not doing that. That is just not a thing.