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> the local impact of a crypto mine is very one-sidedly positive—large amounts of cash injecting into the surrounding economy, particularly the energy sector an
by lamontcg 3y ago
> the local impact of a crypto mine is very one-sidedly positive—large amounts of cash injecting into the surrounding economy, particularly the energy sector and everyone who works in or profits from it.
driving up costs of electricity due to increased demand and encouraging the continued use of fossil fuels isn't positive. it is good for the wealth of the energy sector but a negative drag on everything else.