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Nope that's just bullshit. If you would price in co2 creation for no real value you would see that for society (most of us like 99,99999%) it's a net negative.
by Feritio 4y ago
Nope that's just bullshit.
If you would price in co2 creation for no real value you would see that for society (most of us like 99,99999%) it's a net negative.
It also derails investment which would make more sense as the Bitcoin market is decoupled from the normal market.
The local smelter or papermill or any other energy intense industry has to play by totally other rules that Bitcoin.
The fact that they claim that they should down their miners is also not even proven and should make it very unrealistic.
Miners loose tremendous amount of money while not running. They can't afford to just not run for a long period.
And I have seen mining rigs in Texas who uses ac to cool down their shit.
They consume even more.
We start to be smart and accept that energy needs to be used for things helping people not gamblers.
- hcknwscommenter 4y agoI think all large scale texas miners use some sort of active cooling (immersion, A/C, etc.). They use a lot of power.
- Vecr 4y agoYes, but Texas does not tax carbon, and if they want to trade off a decrease in efficiency for a increase in resilience, they can. I'm not really sure if people understand this, but preparing and stockpiling in general is highly inefficient, for example turning over smallpox vaccine stocks in the SNS does not come cheap.
- Feritio 4y agoThey don't need Bitcoin miners for this. They can make deals with energy intense industries. Or invest in energy storage or just be more creative about it than trying to appeal to miners.