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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 th

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? 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...