4 ms·
Fossil fuels being used to fill demand of any sort is its own problem. We need global carbon taxes on a Montreal Protocol level to incentivize any excess deman
by cortic 5y ago
Fossil fuels being used to fill demand of any sort is its own problem. We need global carbon taxes on a Montreal Protocol level to incentivize any excess demand (investment) to target renewables. -But with this, crypto would be a great boost to renewable technology, guaranteeing a minimum return for business investing in Research and Development.
- avianlyric 5y agoPlease defend this behaviour https://arstechnica.com/tech-policy/2021/09/old-coal-plant-is-now-mining-bitcoin-for-a-utility-company/ https://arstechnica.com/tech-policy/2021/09/old-coal-plant-i... Its not unique either. There’s a company in the U.K. that bought an old coal plant, to convert to gas operators, to provide power solely for a crypto mining operation. Simple fact of the matter is that it currently cheaper and easier for miners to use fossil fuels, then build renewables. Which is exactly what they’re doing.