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No. Bitcoin would still compete for other things which are much more critical toost people on our planet. Things like a storage battery. Or melting aluminum o
by Mehringotio 4y ago
No.
Bitcoin would still compete for other things which are much more critical toost people on our planet.
Things like a storage battery. Or melting aluminum or other ors.
- cdiddy2 4y agoThings like a storage battery - we already have a battery shortage with not enough to power electric car manufacturing. Or melting aluminum or other ors - this doesn't work because the load is extremely fickle. You have to be able to turn on/off easily and frequently. other things can certainly come along and compete for the power. Its not like bitcoin mining isn't price bound. It always seeks the cheapest energy regardless of location
- Mehringotio 4y agoI only brought examples. We are in such a bad place from a co2 point of view, if my examples don't work, we need to incentive to find better things. Bitcoin is not better. It probably still consumes more wasted than just keep burning it. After all the mining itself needs cooling (ac), Asics miners and local infrastructure (a gas engine)