2 ms·
> Can you gave examples of PoW using energy that would be wasted otherwise and is not something like reactivation of shut down fossil fuel power plants? Bitcoi
by jcbrand 4y ago
> Can you gave examples of PoW using energy that would be wasted otherwise and is not something like reactivation of shut down fossil fuel power plants?
Bitcoin mining helps reduce natural gas flaring. Energy that would otherwise be wasted.[1]
Your next rebuttal will be that this simply incentivizes fossil fuels to be used for longer than would have been the case without Bitcoin mining.
My answer to that will be that fossil fuels will be with us for a long time still, flaring is currently happening whether you like it or not, and this is a way to reduce the environmental cost of flaring.
https://www.investing.com/news/cryptocurrency-news/oman-supports-us-crypto-firm-to-reduce-natural-gas-flaring-2832925 https://www.investing.com/news/cryptocurrency-news/oman-supp...