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So your argument is "it doesn't matter that Bitcoin wastes energy because we'll all eventually transition to green"? Don't you think the extra consumption makes
by Gazoche 4y ago
So your argument is "it doesn't matter that Bitcoin wastes energy because we'll all eventually transition to green"? Don't you think the extra consumption makes that transition harder?
- sph 4y agoBitcoin mining is profitable only if you can get cheap energy. That means outside of city centres, off peak, often energy that is otherwise unsaleable. No, Bitcoin mining isn't making summer heatwave weekday peak electricity more expensive. Imagine governments putting a tax on fossil fuels. Bam! coal and petrol cheap energy is non-viable anymore, you'll see Bitcoin miners building solar and wind plants to power their operation. And along with them the rest of the world. It's easier for politicians and keyboard warriors to blame climate change on Bitcoin than actually moving to a greener world by making fossil fuels unprofitable. The extra consumption angle doesn't make any sense for an ultra technologic world, that only 1/4th of the world populace has access. Bitcoin or not, energy usage will be ramping up, especially if we want to create a fairer world. The only way to reduce energy usage is to stop being a technological civilisation, or give access to electricity to fewer and fewer people.