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Still, why ban mining Bitcoin instead of just mining with non-renewables? China is the biggest manufacturer of solar panels and batteries, and stoppingBitcoin/
by xiphias2 5y ago
Still, why ban mining Bitcoin instead of just mining with non-renewables?
China is the biggest manufacturer of solar panels and batteries, and stoppingBitcoin/Ethereum mining is giving up control over those currencies.
- Nursie 5y ago> why ban mining Bitcoin instead of just mining with non-renewables? Because those non-renewables are needed elsewhere?
- xiphias2 5y agoActually it's not how manufacturing works according to Wright's law: the more panels that are manufactured, the more prices of the panels per panel are going down. Of course there are temporary supply/demand issues, but they correct themselves after a few years.
- Nursie 5y ago> Of course there are temporary supply/demand issues, but they correct themselves after a few years. That's the point. Right there. There is not a surplus of clean energy, in fact there's still a mass reliance on coal power. If it's going to take a few years to 'correct' the market here, then that's not good enough.
- thebean11 5y agoPower is really difficult to store. There is not a constant surplus of clean energy but there are definitely bursts of surplus where energy is wasted (both renewable and non-renewable).