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I can't really follow the logic in this article – maybe I don't get it? The article states that Bitcoin uses a lot of energy and as miners want to maximize pro
by elaus 6y ago
I can't really follow the logic in this article – maybe I don't get it?
The article states that Bitcoin uses a lot of energy and as miners want to maximize profit, they want cheap energy. This is good for renewables as that is cheaper than other forms of energy generation.
Doesn't everyone want cheap energy, like factories or heavy industry? Are Bitcoin miners really more eager to push for clean energy than other industries?
The whole arguments sounds like "we need to use up more energy so there's more incentive to produce additional, clean energy".
- Nursie 6y agoThat’s exactly what it is - any energy demand, under this worldview, is good because it means more demand for clean energy. In a world that’s already struggling with this, it makes no sense at all.
- hinkley 6y ago> Doesn't everyone want cheap energy, like factories or heavy industry? Are Bitcoin miners really more eager to push for clean energy than other industries? Yes. Given enough time, Bitcoin will gentrify the power grid.