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We will never have an energy surplus, because cheap enough energy will be used for cryptocurrency mining. It's like when we thought that the industrial revolut
by tcbawo 6y ago
We will never have an energy surplus, because cheap enough energy will be used for cryptocurrency mining. It's like when we thought that the industrial revolution/productivity boom would lead to a four hour work week.
- andrew_v4 6y agoThat's not unique to cryptocurrency mining, there are other things that are rate limited by energy costs as well.
- weare138 6y agoBut instead of meeting the demand for those other things, things we need like electric vehicles, we're just going to end up wasting it on cryptocurrency mining and end up right back at square one. I just don't see how Bitcoin is sustainable in it's current form.