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If you're using solar, you're still wasting energy that could go into replacing coal or gas elsewhere. Fully green bitcoin mining is still hampering our efforts
by user-the-name 5y ago
If you're using solar, you're still wasting energy that could go into replacing coal or gas elsewhere. Fully green bitcoin mining is still hampering our efforts to tackle climate change.
- michaelscott 5y agoEconomics are fully at work in every market, including renewables. If it's more profitable to... I'm not even sure what your alternative would be but I'll say feeding the energy back into the grid, then miners would do it. It's definitely not up to you to decide what people can and can't do with their energy, especially off-grid renewables, just because you perceive their use to be "wasteful"
- user-the-name 5y ago> It's definitely not up to you to decide what people can and can't do with their energy It absolutely will need to be if we are going to avoid frying the fucking planet. The free market is the enemy of humanity.
- throwaway405769 5y agoFree markets elevate people from poverty and create wealth. Statism creates concentration camps and mass murder. And now we're supposed to trust governments that climate change totally happens and unless we give up our freedoms we will all die.
- michaelscott 5y agoWe're talking about renewables? How is that frying the planet?
- user-the-name 5y agoWe are talking about energy. Most of it is not produced by renewables. Any renewable energy that is being wasted on cryptocurrency bullshit is not going into displacing coal and gas, which are currently frying the planet.
- eloff 5y agoThat's only true if the miners didn't buy the solar panels themselves.
- user-the-name 5y agoThose panels could still be deployed elsewhere and produce power for the grid. Manufacturing them is not environmentally neutral either.
- throwaway405769 5y agoSolar panels are nothing but green virtue signalling. Nuclear can produce enough energy for both securing decentralized money and all customer needs.
- eloff 5y agoI can also argue increased demand for solar panels increases manufacturing and lowers prices over time making solar more competitive. It's not clear that it's a net negative. This has been the effect we saw when Germany started investing so heavily into solar.