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Strange, I could have sworn I was told that bitcoin was mined using all renewable energy...
by afavour 6y ago
Strange, I could have sworn I was told that bitcoin was mined using all renewable energy...
- meepmorp 6y agoOh no, see the mining rigs run on hydroelectric; they’re just using the coal plant to pump water into the reservoir.
- Barrin92 6y agoNot that this is a much better argument unless you ignore the concept of opportunity cost and Jevon's paradox. Green energy going into bitcoin could be used to replace traditional energy sources which could then be turned off. If you keep pumping new energy sources into never-ending stream of new inventions you're slowing, halting or in the worst case even reversing the transition speed. https://en.wikipedia.org/wiki/Jevons_paradox https://en.wikipedia.org/wiki/Jevons_paradox