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It also subsidizes the use of dirty power sources. The greenwashing of Proof of Work cryptocurrencies is insane. It's using the same amount of electricity as Ar

It also subsidizes the use of dirty power sources. The greenwashing of Proof of Work cryptocurrencies is insane. It's using the same amount of electricity as Argentina. https://www.vice.com/en/article/pkby7z/a-fossil-fuel-power-plant-that-mines-bitcoin-is-about-to-massively-expand https://www.vice.com/en/article/pkby7z/a-fossil-fuel-power-p...

wyager 5y ago
Green energy sources are cheaper when you don’t have to scale demand hour by hour. The overwhelming majority of Bitcoin power usage is already green and that will only increase. Claims like “Bitcoin uses more electricity than <some poor country that doesn’t use much electricity>.” are totally irrelevant. Good. I want humanity to climb the Kardashev scale. If we have an invention that can help fund the creation of billions of watts of efficient energy capacity then that’s great!
- bootlooped 5y ago
  > The overwhelming majority of Bitcoin power usage is already green and that will only increase. Is there any source for this, the first part, that it is currently powered overwhelmingly by green energy? Anything I can find suggests otherwise. And the part of the claim that Bitcoin will use a greater share of green energy in the future is not very meaningful if you expect that is also true of every other industry. https://theconversation.com/bitcoin-isnt-getting-greener-four-environmental-myths-about-cryptocurrency-debunked-155329 https://theconversation.com/bitcoin-isnt-getting-greener-fou... https://www.infokreek.com/green-bitcoin-the-impact-and-importance-of-energy-use-for-pow/ https://www.infokreek.com/green-bitcoin-the-impact-and-impor... https://medium.com/crypto-lucid/enough-with-bitcoins-greenwashing-bitcoin-uses-mainly-fossil-energy-b83256d693bc https://medium.com/crypto-lucid/enough-with-bitcoins-greenwa... https://www.motherjones.com/environment/2021/05/bitcoin-mining-fossil-fuel-plants-alive-greenidge-dresden-new-york/ https://www.motherjones.com/environment/2021/05/bitcoin-mini...
Dma54rhs 5y ago
PC gaming alone uses the same amount, there are many useless activities (well the both provide entertainment) that could be stopped if you want lower energy usage for the world. Ban gaming and obviously ban fashions since that is close to catastrophic catastrophe regarding greenhouse gasses.

wyager 5y ago

Green energy sources are cheaper when you don’t have to scale demand hour by hour. The overwhelming majority of Bitcoin power usage is already green and that will only increase. Claims like “Bitcoin uses more electricity than <some poor country that doesn’t use much electricity>.” are totally irrelevant. Good. I want humanity to climb the Kardashev scale. If we have an invention that can help fund the creation of billions of watts of efficient energy capacity then that’s great!

bootlooped 5y ago
> The overwhelming majority of Bitcoin power usage is already green and that will only increase. Is there any source for this, the first part, that it is currently powered overwhelmingly by green energy? Anything I can find suggests otherwise. And the part of the claim that Bitcoin will use a greater share of green energy in the future is not very meaningful if you expect that is also true of every other industry. https://theconversation.com/bitcoin-isnt-getting-greener-four-environmental-myths-about-cryptocurrency-debunked-155329 https://theconversation.com/bitcoin-isnt-getting-greener-fou... https://www.infokreek.com/green-bitcoin-the-impact-and-importance-of-energy-use-for-pow/ https://www.infokreek.com/green-bitcoin-the-impact-and-impor... https://medium.com/crypto-lucid/enough-with-bitcoins-greenwashing-bitcoin-uses-mainly-fossil-energy-b83256d693bc https://medium.com/crypto-lucid/enough-with-bitcoins-greenwa... https://www.motherjones.com/environment/2021/05/bitcoin-mining-fossil-fuel-plants-alive-greenidge-dresden-new-york/ https://www.motherjones.com/environment/2021/05/bitcoin-mini...

Dma54rhs 5y ago

PC gaming alone uses the same amount, there are many useless activities (well the both provide entertainment) that could be stopped if you want lower energy usage for the world. Ban gaming and obviously ban fashions since that is close to catastrophic catastrophe regarding greenhouse gasses.