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It would be more interesting to say you must run large-scale bitcoin farms off of 100% renewables. Or nuclear. But how would this be enforced?
by AtlasBarfed 5y ago
It would be more interesting to say you must run large-scale bitcoin farms off of 100% renewables.
Or nuclear.
But how would this be enforced?
- kevingadd 5y agoIf you're using up renewables that would be used by other energy consumers, you've probably just pushed a bunch of them onto non-renewables. Is that actually good? Maybe some % (20%?) of those customers will simply opt not to do whatever power-consuming thing they were going to do, but the rest...
- bradwood 5y agoYeah. But most BTC miners are energy buyers of last resort. Sucking up the dregs at the cheapest possible price. They aren't "using up" renewables. In fact, often it's this consumption that makes the renewable enterprises viable.
- t0suj4 5y agoI've heard that some bitcoin miners get started when there is an oversupply of energy to burn the excess power. I think this is the direction bitcoin mining could take.
- Yizahi 5y agoSure, you can start mining when there is an oversupply of energy. But why would you ever stop mining? Idle mining is a waste of money, so it will be running 24/7, and everyone else will need to conform and change their energy usage.
- deleted 5y ago[deleted]
- inter_netuser 5y ago70% of Bitcoin mining is apparently already renewables, way ahead of most of the other industries.
- King-Aaron 5y agoSource?