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Your question comes loaded with the assumption that all energy production is equal. In reality, energy harvested from hydro or geothermal may have lots of value
by jerry1979 5y ago
Your question comes loaded with the assumption that all energy production is equal. In reality, energy harvested from hydro or geothermal may have lots of value for proof of work processes, but they don't have lots of value for someone living far away from the hydro or geothermal plant.
- pyrale 5y agoThere are other energy consumers than can be located next to cheap energy, like aluminium production. This alone explains why iceland is a significant exporter of energy-intensive manufactured products.
- rland 5y agoWell if you want to consider that an assumption, energy from coal has lots of value, if proof of work got profitable enough. Which... it already has. Coal plants have been spooled up just to mine btc. The idea that we should continue or expand crypto mining is ludicrous, because it already has harmed the environment, even at its small market cap.
- silexia 5y agoA currency should take less than .00001% of global energy consumption to run. Absolutely no reason to burn energy like this. Use proof of stake or just convert some other valuable entity like stock into currency.