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We don't exclusively burn coal to secure bitcoin and China uses a combination of power generation technologies to power its electrical grid. To imply that it's
by politician 6y ago
We don't exclusively burn coal to secure bitcoin and China uses a combination of power generation technologies to power its electrical grid. To imply that it's all coal is just wrong.
Yes, shut down the coal plants today, but you'll be cancelling more than Bitcoin PoW. So what are you really mad about? Bitcoin or Coal?
For goodness sakes, if these activists win at cancelling Bitcoin, all they've accomplished is extending the lifetime of coal-fired power generation. Yay?
- AnimalMuppet 6y agoI am not saying to shut down coal plants today, and I deny you the right to put words in my mouth. What I am doing is pushing back on your original argument, which was that China has nuclear plants and we have lots of uranium, so it's fine to waste enormous amounts of energy mining Bitcoin. My position is this: Today we have nuclear plants and coal plants, and we waste energy mining Bitcoin. It is a strictly better world where we have the same number of nuclear plants and fewer coal plants, and use the exact same amount of energy minus the amount that we spend on Bitcoin. I strongly suspect that the incremental energy load of mining Bitcoin is coming from coal plants, not nuclear plants. (If anyone has hard data, I would welcome it.) If my suspicion is correct, then claiming that China has nuclear plants is irrelevant, since they aren't producing the electricity that's being spent mining Bitcoin.
- viklove 6y agoI think we should shut down Netflix because it is a huge waste of energy that could be better repurposed elsewhere. Who are you to say Netflix is more useful than Bitcoin?
- politician 6y agoIt's completely useless to assign loads to specific power generation schemes in countries that operate off of grids. Unless you're an aluminum smelter.