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I think it’s short sighted to celebrate this. In reality it won’t reduce the demand for bitcoin hashpower. Instead it will force miners to flee to foreign juris
by xk_id 3y ago
I think it’s short sighted to celebrate this. In reality it won’t reduce the demand for bitcoin hashpower. Instead it will force miners to flee to foreign jurisdictions (like Kazakhstan, china, russia, iran, venezuela), who are the least producers of clean energy. The result becomes higher climate impact, loss of domestic taxable income and slower growth of renewable energy due to lowered demand. Not to mention the moral issue of setting a precedent for permissioned electricity consumption .
- dragontamer 3y agoWho ever said this was about clean energy or carbon whatevers? This to me, is about not wasting US resources on this. Let other countries waste their electricity on cryptocoin mining if they want to. There's only so much electricity in this country, and there's already plenty of regulations on waste (or attempts to mitigate waste).