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I'm no fan of Bitcoin, but it irks me when established media muddies the waters like this. The climate impact is not inherent to Bitcoin; it is a function of th
by stareatgoats 4y ago
I'm no fan of Bitcoin, but it irks me when established media muddies the waters like this. The climate impact is not inherent to Bitcoin; it is a function of the energy source mix that (still) uses fossil fuels to a large extent.
In short, if all Bitcoin mining used renewable energy sources, or if society switched to renewable energy as it should anyway, then the Bitcoin climate impact would be nil.
- Tiktaalik 4y agohypothetically sure it could be green. But in the real world, given the current makeup of our energy sources, people were well aware that it wouldn't be, and wouldn't be green any time soon, but started mining nonetheless.
- xracy 4y ago"if all Bitcoin mining used renewable energy sources" I don't know if you've looked at the requirements for covering our current energy sinks with renewable energy sources, but it's not looking manageable in the timeline we need to prevent climate change before we account for adding a random extra energy sink of bitcoin mining. Which, has frequently required peaker plants to cover the extra energy usage. This statement waves away all of the difficulty of accounting for how much solar/wind we would need to account for bitcoin mining on top of what we need for everything else. It's impractical, especially for something as societally useless as bitcoin mining.