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There is literal legislation about energy efficiency of consumer goods (such as dryers), our houses have to be built to be environmentally friendly with good in

There is literal legislation about energy efficiency of consumer goods (such as dryers), our houses have to be built to be environmentally friendly with good insulation to stop wasted energy, governments are banning plastic packaging. But crypto should be except? No, crypto should be legislated so that it’s energy usage is limited. To think otherwise is an enormous step backwards. I cannot understand how this is not a bigger issue being talked about in the media. Right now in the UK we are going through an energy crisis where people can’t afford to heat their own homes (I’m not blaming crypto for this). It’s absolutely maddening that in a world where climate change and energy scarcity is such an issue this would be a controversial topic.

IanCal 5y ago
Those are very different things. My dishwasher is rated based on specific cycles, but I'm legally allowed to use it as frivolously as I want. I can run an A+++ rated dryer with a single sock in and send the photo to the police. We don't limit energy use but inefficiencies. The equivalent in crypto would be to rate hardware by hashes per joule. Crypto things are different because the incentives are different. I'm incentivised to use my appliances efficiently as the energy cost is just a cost. On the other hand with PoW, I'm incentivised to mine efficiently but as much as possible because I can buy a thing that turns electricity into cash.
- philistine 5y ago
  We are looking down the barrel of a gun. The gun is cryptomining's thirst for electricity destroying all our gains to diminish climate change. Your arguments may be right, but you are on the wrong side of our survival as a civilization.
  - IanCal 5y ago
    The point here is that existing legislation does not cover this and trying to apply it would fail, you would need something new if you want it to work.

IanCal 5y ago

Those are very different things. My dishwasher is rated based on specific cycles, but I'm legally allowed to use it as frivolously as I want. I can run an A+++ rated dryer with a single sock in and send the photo to the police. We don't limit energy use but inefficiencies. The equivalent in crypto would be to rate hardware by hashes per joule. Crypto things are different because the incentives are different. I'm incentivised to use my appliances efficiently as the energy cost is just a cost. On the other hand with PoW, I'm incentivised to mine efficiently but as much as possible because I can buy a thing that turns electricity into cash.

philistine 5y ago
We are looking down the barrel of a gun. The gun is cryptomining's thirst for electricity destroying all our gains to diminish climate change. Your arguments may be right, but you are on the wrong side of our survival as a civilization.
- IanCal 5y ago
  The point here is that existing legislation does not cover this and trying to apply it would fail, you would need something new if you want it to work.