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This is an area people should remain vigilante about. Although most bitcoin mining uses renewable energy[1][2] or reduces pollution from flaring sites by actual

This is an area people should remain vigilante about. Although most bitcoin mining uses renewable energy[1][2] or reduces pollution from flaring sites by actually using the to-be-flared gas onsite, without vigilance that won't remain the case, especially if state actors begin competing. [1] https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/3rd-global-cryptoasset-benchmarking-study https://www.jbs.cam.ac.uk/faculty-research/centres/alternati... a Cambridge study which corroborates and reached the same conclusion as an industry [2] study https://coinshares.com/research/bitcoin-mining-network-june-2019 https://coinshares.com/research/bitcoin-mining-network-june-...

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nrmitchi 6y ago
Vigilant* While someone going all Batman on a fossil fuel power plant would be interesting, it would probably end poorly.
bottled_poe 6y ago
Most? The linked report says 39% or did I miss something?
de6u99er 6y ago
The argument, that most Bitcoin mining uses renewabke energy isn't valid, because the renewable energy used for BitCoin mining could have been used for other things.
- maxerickson 6y ago
  That's why they are talking about the flaring instead of hydroelectric, to sell the idea that it's using power that wouldn't be recovered otherwise. Of course it is sort of likely that cheap hydroelectric is a much bigger component of the supply than gas power plants installed just to mine bitcoin.
  - vmception 6y ago
    they? Its not a cabal, just say whats not accurate about the statement and we’ll discuss that, states are desperate to reduce their flaring emissions and on-site miners are a big solution for them and its actually happening. If the percentages are currently wrong just say so
    - maxerickson 6y ago
      It's a singular they, not an imagined cabal. It's a neat trick to not say anything specific and then demand people argue the specifics.

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nrmitchi 6y ago

Vigilant* While someone going all Batman on a fossil fuel power plant would be interesting, it would probably end poorly.

bottled_poe 6y ago

Most? The linked report says 39% or did I miss something?

de6u99er 6y ago

The argument, that most Bitcoin mining uses renewabke energy isn't valid, because the renewable energy used for BitCoin mining could have been used for other things.

maxerickson 6y ago
That's why they are talking about the flaring instead of hydroelectric, to sell the idea that it's using power that wouldn't be recovered otherwise. Of course it is sort of likely that cheap hydroelectric is a much bigger component of the supply than gas power plants installed just to mine bitcoin.
- vmception 6y ago
  they? Its not a cabal, just say whats not accurate about the statement and we’ll discuss that, states are desperate to reduce their flaring emissions and on-site miners are a big solution for them and its actually happening. If the percentages are currently wrong just say so
  - maxerickson 6y ago
    It's a singular they, not an imagined cabal. It's a neat trick to not say anything specific and then demand people argue the specifics.