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This is your daily reminder that computers, including Bitcoin miners, do not generate emissions, they only use electricity, and do not care where that electrici
by rufusroflpunch 4y ago
This is your daily reminder that computers, including Bitcoin miners, do not generate emissions, they only use electricity, and do not care where that electricity comes from any more than any other industry.
Now that Ethereum has moved to proof of stake, the part of the crypto industry that is in bed with ESG-friendly VCs and regulators has really turned on Bitcoin, as was always expected. There's an almost constant barrage of these articles now.
Some people really do want to live in a world the state gets to decide to what uses of electricity are allowed and which are not, but I am not one of those people.
- mola 4y agoYou know, if ppl would just using electricity to perform their scams/utopian dreaming while exacerbating a world wide calamity the states will not need to decide for them... We get more regulation mainly because of bad actors giving a f*ck about externalities.
- screye 4y agoAlso bitcoin doesn't need all transactions to be instant or geographically in proximity to the user. A lot of energy on the grid will get wasted when using renewable with much higher peak production vs daily median. So it should be easy to collocate a few gpus near the grid and use this free electricity to mine crypto instead.
- xracy 4y agoYou get to wash your hands of any bitcoin mining you do, because it's everyone else's problem to figure out a green grid. I can load as much shit onto the grid as I want, and that's fine, it doesn't matter what I'm doing with it as long as I pay for it. It doesn't matter if the demand I induce causes us to need peaker plants. That's an interesting world you're living in.