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Energy that could be getting used to displace fossil fuels and instead is being wasted on the shittiest database you could imagine.
by Devasta 3y ago
Energy that could be getting used to displace fossil fuels and instead is being wasted on the shittiest database you could imagine.
- PretzelPirate 3y agoAs the article points out, El Salvador is using this as a way to bootstrap improvements in energy distribution and transmission. El Salvador's original point for mining Bitcoin was that the area where the power was made it hard to get that power to other places. Mining Bitcoin enabled making money off of that isolated power source and creating an economic zone near the volcano which would be supported by the people working on the project.
- friend_and_foe 3y agoIt is what is making it economically viable to develop this energy source. If the blockchain is a waste of energy as you say, then when it becomes worthless the infrastructure will exist to produce this energy and use it for other purposes such as PC gaming and ironing shirts. Without it though this energy source wouldn't exist, so why not let the dumb people get duped into paying to produce renewable infrastructure? And if it turns out it's not a waste of energy and you're wrong, all is still well. It's a win win.