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I would be with you, if bitcoin was only allowed to use carbon-free electricity. The reality is that they sometimes buy coal mines ([1]) and burn coal onsite wi
by krasin 3y ago
I would be with you, if bitcoin was only allowed to use carbon-free electricity. The reality is that they sometimes buy coal mines ([1]) and burn coal onsite without paying for the externalities. And that's something to be worried about.
1. https://www.theguardian.com/technology/2022/feb/18/bitcoin-miners-revive-fossil-fuel-plant-co2-emissions-soared https://www.theguardian.com/technology/2022/feb/18/bitcoin-m...
- lurking15 3y ago> And that's something to be worried about. not even remotely in my opinion, bitcoin uses cheap electricity, and if carbon-free is cheaper like everyone proposes then it should be quickly adopted by bitcoin miners
- deleted 3y ago[deleted]