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> despite good chunk of hashrate being produced by renewables The article directly and elaborately addresses this point, advancing the argument that renewables
by sho_hn 5y ago
> despite good chunk of hashrate being produced by renewables
The article directly and elaborately addresses this point, advancing the argument that renewables are scarce vis-a-vis our urgent need for them and this isn't the best thing to use them on.
Your attempt at summary is selective; I'm glad I read the piece instead.
- inter_netuser 5y agoThere isn't a single mention of "nuclear" in the article, written by a Malthusian. His estimation of how much energy is "per transaction" is flawed, due to complete disregard of available scaling solutions today. He essentially equates a central bank transaction to a penny left in a tipping jar, that's the general standard of rigour in this article.
- timeon 5y agoNuclear is not magic you need to build them first which takes time. And as article has pointed out we need to act now. So crypto is adding the problem, not solving it.
- inter_netuser 5y agoThe so-called environmentalists, who are simply the modern day malthusian luddites, insisting nuclear is bad is what needs solving. Bitcoin just demonstrated renewable energy cannot scale in practice. If only 1% of the electricity demand cannot be sustainably and economically be supplied by renewables, some serious re-thinking about strategy is in order.