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We hear this same story every single time the topic comes up. It's not the most convincing argument. First, the real world experience is that bitcoin miners don
by ufo 5y ago
We hear this same story every single time the topic comes up. It's not the most convincing argument. First, the real world experience is that bitcoin miners don't care about whether they are using renewable energy. Furthermore, we should not ignore the substantial carbon emissions from building the mining infrastructure (the mining hardware, plus also the power generation). A protocol that promotes a colossal amount of e-waste is swimming in the wrong direction when it comes to fighting climate change.
- anonporridge 5y agoThe system we currently rely on is founded on proof of violence, which also creates a colossal amount of waste, and not just in our garbage dumps. And you seem to be ignoring my point, that until we internalize the costs of burning fossil fuels, there will always be someone willing to burn it, even if it's not bitcoin miners.
- nightski 5y agoYou can't rely on the consumers of electricity to solve the problem of it coming from fossil fuels. This is a policy problem, and unless people start caring about what goes on in government it doesn't matter. Washington, for example, has demonstrated recently that even an administration that is supposed to be taking climate change seriously has encouraged fossil fuels to flourish.