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> Containers or a warehouse of miners also has far less effect on anything local. uhm what? the presence of miners mean energy prices rise as well as more envi
by beckman466 5y ago
> Containers or a warehouse of miners also has far less effect on anything local.
uhm what? the presence of miners mean energy prices rise as well as more environmental destruction to produce energy, especially if it's a place without green(er) energy production.
- hippich 5y agoprices rise until mine is moved to different place with cheap (for now) energy.
- bellyfullofbac 5y agoEven if it's green, wouldn't it be better if that produced energy goes somewhere to replace non-green energy, rather than to calculate hashes that are mostly thrown away? Obviously it's all stupidly chaotic, there might be a huge waterfall somewhere, and if we ignore the natural beauty aspects, before some cryptobros show up with money (however tangible) to build a hydropower plant and some wires to their container site, that waterfall's energy is not being utilized...
- beckman466 5y ago> Even if it's green, wouldn't it be better if that produced energy goes somewhere to replace non-green energy, rather than to calculate hashes that are mostly thrown away? yep, that's my argument above. and i personally wouldn't say hashes "are mostly thrown away", i would argue they're all thrown away, especially when considering this 'tech' will become defunct in a few years. “In what may be the best expression yet of capitalist realism, a new tool for free market speculation has become for many a populist symbol of resistance to the ravages of finance capitalism.” https://mronline.org/2021/12/28/cryptocurrencies-a-view-from-the-left/ https://mronline.org/2021/12/28/cryptocurrencies-a-view-from...