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People claiming bitcoin is a battery understand nothing about batteries. It's just fake rethoric designed to greenwash it. Batteries are batteries, fair enough
by raverbashing 6y ago
People claiming bitcoin is a battery understand nothing about batteries. It's just fake rethoric designed to greenwash it.
Batteries are batteries, fair enough.
Load shifting "are batteries" because you're not using the electricity now, but later. So it's equivalent to storing it now and using later. Fine
Aluminium smelting "are batteries" because you're shifting the location. It's like putting a battery in a ship, charging it then shipping it somewhere else (as long as it doesn't get stuck ;) )
Bitcoin mining is... ? You mined your coin now, using electricity, cool. Then to use it you need to spend more electricity. 812.74 kWh per transaction to be exact https://digiconomist.net/bitcoin-energy-consumption/ https://digiconomist.net/bitcoin-energy-consumption/
This is ridiculous. This is not a battery.