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> An estimated 65% of global Bitcoin mining takes place in China, which requires huge amounts of electricity and has strained China’s State Grid. > While China
by whydoineedthis 5y ago
> An estimated 65% of global Bitcoin mining takes place in China, which requires huge amounts of electricity and has strained China’s State Grid.
> While China has been transitioning to renewable energy, the vast majority of power generation still comes from dirty coal.
> Bitcoin has become a direct challenger to China’s 2060 carbon neutrality pledge.
This actually makes China sound like a good guy, not a bad guy.
- verdverm 5y agoChina (CCP) isn't all bad and one can assume that mose Chinese (humans) are good intentioned.
- whydoineedthis 5y agoTotally agree.
- graderjs 5y agoThe correct acronym is CPC now.
- echlebek 5y agoThe complexity of the situation really goes so far beyond "good guy" and "bad guy". China is intensely polluted and wasting an insane amount of energy on a poorly performing anarchist monetary system. They have many incentives to shut it down.