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56% of energy used for Bitcoin mining is coming from renewable sources of energy.

gjulianm 5y ago
Is there a source for that? Last time I checked there weren't reliable reports even on total energy usage, much less energy sources.
- throwaway554 5y ago
  https://www.hope.com/content/dam/hope-assets/collateral/Mining-Council-Press-Release-Q2_07-01-2021.pdf https://www.hope.com/content/dam/hope-assets/collateral/Mini...
  - gjulianm 5y ago
    That's a self-reported survey by members of a Bitcoin mining council, which represent an unknown portion of the total mining capacity, and if I'm correct the term "sustainable energy" includes "carbon-based energy with net emission credits". It doesn't seem the most reliable source to me.
Applejinx 5y ago
That is one heck of a waste, at a time when managing the thermal runaway of our planet is a matter of great and immediate urgency.
- throwaway554 5y ago
  Separating money from the state is worth the cost.
  - malermeister 5y ago
    I think this is what every crypto argument secretly comes down to, this ideological disagreement. I don't want money to be separated from the state, and especially not at a cost. One man's crypto-anarchocapitalist utopia is another man's dystopian capitalist nightmare that we sacrificed our environment for.
    - throwaway554 5y ago
      Imagine telling a guy who lives in a state with over 15% inflation rate that he's destined to stay poor because some people in first-world countries think that hard money is an utopia.
      - malermeister 5y ago
        I never said money in any form is an utopia. The utopia would be post-money imo and moving money away from the state would make that harder to achieve.
malermeister 5y ago
In other words, 44% comes from non-renewables. It's not like those 56 are free either, we could use that energy to run more important things instead that crypto is taking away from.
- throwaway554 5y ago
  In many cases, you can't use the energy that is used for Bitcoin mining for anything else, since there are simply no consumers next to the renewable energy source.

Is there a source for that? Last time I checked there weren't reliable reports even on total energy usage, much less energy sources.

throwaway554 5y ago
https://www.hope.com/content/dam/hope-assets/collateral/Mining-Council-Press-Release-Q2_07-01-2021.pdf https://www.hope.com/content/dam/hope-assets/collateral/Mini...
- gjulianm 5y ago
  That's a self-reported survey by members of a Bitcoin mining council, which represent an unknown portion of the total mining capacity, and if I'm correct the term "sustainable energy" includes "carbon-based energy with net emission credits". It doesn't seem the most reliable source to me.

Applejinx 5y ago

That is one heck of a waste, at a time when managing the thermal runaway of our planet is a matter of great and immediate urgency.

throwaway554 5y ago
Separating money from the state is worth the cost.
- malermeister 5y ago
  I think this is what every crypto argument secretly comes down to, this ideological disagreement. I don't want money to be separated from the state, and especially not at a cost. One man's crypto-anarchocapitalist utopia is another man's dystopian capitalist nightmare that we sacrificed our environment for.
  - throwaway554 5y ago
    Imagine telling a guy who lives in a state with over 15% inflation rate that he's destined to stay poor because some people in first-world countries think that hard money is an utopia.
    - malermeister 5y ago
      I never said money in any form is an utopia. The utopia would be post-money imo and moving money away from the state would make that harder to achieve.

malermeister 5y ago

In other words, 44% comes from non-renewables. It's not like those 56 are free either, we could use that energy to run more important things instead that crypto is taking away from.

throwaway554 5y ago
In many cases, you can't use the energy that is used for Bitcoin mining for anything else, since there are simply no consumers next to the renewable energy source.