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That is basically what Bitcoin is... because the cheapest energy is the one you can produce yourself from renewables.
by nnx 5y ago
That is basically what Bitcoin is... because the cheapest energy is the one you can produce yourself from renewables.
- bhaak 5y agoYou're only thinking of honest miners. The cheapest energy is the one you steal.
- davidhyde 5y agoUsing resources to build a solar panel that only generates electricity to feed into a bitcoin mine that basically turns that solar energy straight back into heat is a net energy negative. The only conceivable benefit is increased economies of scale for the production of solar panels. I am talking about generating electricity and NOT using it for mining.
- user-the-name 5y agoIf this were true, we would not be in the middle of a climate crisis right now.