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How nice that all energy magically appears out of nowhere to generate the power needed by bitcoin. As if the power to heat your meal and home is suddently not n

How nice that all energy magically appears out of nowhere to generate the power needed by bitcoin. As if the power to heat your meal and home is suddently not needed anymore when you have your nice valuable bitcoins. The world is already struggling to keep up with the rising power requirements from all the sectors, from production, households and transportation. One of the large problems moving to renewable power sources is, that it's hard to replace current power sources and keep up with the rising power demand. By increasing power demand, older power plants that are worse for the environment must be kept running for a longer time.

celticninja 5y ago
the comment I replied to said all bitcoin mining is done exclusively with coal. I never made claims, I merely pointed out the original statement was incorrect and offered evidence to support it. So what is your point in relation to that? Am I wrong? Is my evidence not sufficient? Do you also believe all bitcoin mining is powered by coal?
- rspoerri 5y ago
  I dont assume that bitcoin is only powered by coal. Some website mentioned 85%. With its 150 TWh it uses thats a 130TWh in from coal power plants. Thats about 24 Coal power plants that could be shut down, if bitcoin would disappear today (usa has 241 coal power plants with approximately 1300 THw produced). I do think that will make a difference, especially because the power demand of bitcoin is getting worse.
  - celticninja 5y ago
    You stated exactly that: >Everybody mining bitcoin is using the cheapest energy source available which currently is coal. 'Some website said...' some other website said vaccines will make my arm magnetic. Doesn't make it true. Don't spout nonsense just because you agree with it, check the veracity of the statement first. >Thats about 24 Coal power plants that could be shut down, if bitcoin would disappear today No they wouldn't. They existed before bitcoin, they will exist even if bitcoin is outlawed and shut down. The demand would come from elsewhere, but if you understand power generation you would also know that gas and coal power stations are used to keep a base level of power on the grid, solar doesn't generate at night and wind doesn't always blow. Hydro power cannot be transported everywhere it is needed. So coal, gas and nuclear make up the rest. Until we get better storage they will continue to be used and required. Honestly this comment of yours has just highlighted how little you know about the subject. You don't even mention which website but I can guess it's digiconomist, which has been debunked before. That site relies on showing extreme figures to get page views.
me_me_me 5y ago
>How nice that all energy magically appears out of nowhere to generate the power needed by bitcoin. How nice that all energy magically appears out of nowhere to generate the power needed by youtube cat videos. Netflix Porn insert anything that uses electricity.

celticninja 5y ago

the comment I replied to said all bitcoin mining is done exclusively with coal. I never made claims, I merely pointed out the original statement was incorrect and offered evidence to support it. So what is your point in relation to that? Am I wrong? Is my evidence not sufficient? Do you also believe all bitcoin mining is powered by coal?

rspoerri 5y ago
I dont assume that bitcoin is only powered by coal. Some website mentioned 85%. With its 150 TWh it uses thats a 130TWh in from coal power plants. Thats about 24 Coal power plants that could be shut down, if bitcoin would disappear today (usa has 241 coal power plants with approximately 1300 THw produced). I do think that will make a difference, especially because the power demand of bitcoin is getting worse.
- celticninja 5y ago
  You stated exactly that: >Everybody mining bitcoin is using the cheapest energy source available which currently is coal. 'Some website said...' some other website said vaccines will make my arm magnetic. Doesn't make it true. Don't spout nonsense just because you agree with it, check the veracity of the statement first. >Thats about 24 Coal power plants that could be shut down, if bitcoin would disappear today No they wouldn't. They existed before bitcoin, they will exist even if bitcoin is outlawed and shut down. The demand would come from elsewhere, but if you understand power generation you would also know that gas and coal power stations are used to keep a base level of power on the grid, solar doesn't generate at night and wind doesn't always blow. Hydro power cannot be transported everywhere it is needed. So coal, gas and nuclear make up the rest. Until we get better storage they will continue to be used and required. Honestly this comment of yours has just highlighted how little you know about the subject. You don't even mention which website but I can guess it's digiconomist, which has been debunked before. That site relies on showing extreme figures to get page views.

me_me_me 5y ago

>How nice that all energy magically appears out of nowhere to generate the power needed by bitcoin. How nice that all energy magically appears out of nowhere to generate the power needed by youtube cat videos. Netflix Porn insert anything that uses electricity.