What could possibly go wrong with a money rewarding GHG emissions?
When you think about it, if successful, Bitcoin will indeed achieve its goal of freeing us from central banks: no human being will be available to operate them. Very clever!
I've read several articles about the power consumption of these mines and it's jaw dropping:
Of course, by the end of 2017, the players who were pouring into the basin weren’t interested in building 5-megawatt mines. According to Carlson, mining has now reached the stage where the minimum size for a new commercial mine, given the high levels of difficulty, will soon be 50 megawatts, enough for around 22,000 homes and bigger than one of Amazon Web Services’ immense data centers.
https://www.politico.eu/article/this-is-what-happens-when-bi...
Good thing I'm thousands of miles away from where it would be deployed.
https://gizmodo.com/police-drone-crashes-into-police-5890507