On the other hand, if we were not doing Bitcoin, we could use that nuclear power for something else, like replacing coal plants...
We are producing tons of useless plastic crap thrown out almost imidietely at the purchase. Roughly half of food get throw away. But thats not an issue. Same case for cities not fiendly towards mass transit force huge polution and waste of petrol etc etc.
But only if BTC were dead the global warming would stop and there would be no crime.
AND
get-rid-of single-use plastics, half of food waste etc.
There is no singular silver bullet that will tackle our environmental problems including the climate emergency.
I realize that there is a lot of cognitive dissonance on this particular topic and I'll flat-out state that this is a conflict of interest.
Are you sealioning?
Currently, POW "currencies" burn real coal, divert energy from production applications like metal smelting, monopolize cheap renewables on-site (like Niagara falls) due to the way the markets reward BTC, which, in my opinion, is ridiculous. 60k for a slice of Ponzi pie?
Cognitive dissonance due to vested interests.
DO YOU OWN POW CRYPTO-"CURRENCIES"? - put that in your full disclaimer, please. It colors your output.
Yes, shut down the coal plants today, but you'll be cancelling more than Bitcoin PoW. So what are you really mad about? Bitcoin or Coal?
For goodness sakes, if these activists win at cancelling Bitcoin, all they've accomplished is extending the lifetime of coal-fired power generation. Yay?
What I am doing is pushing back on your original argument, which was that China has nuclear plants and we have lots of uranium, so it's fine to waste enormous amounts of energy mining Bitcoin.
My position is this: Today we have nuclear plants and coal plants, and we waste energy mining Bitcoin. It is a strictly better world where we have the same number of nuclear plants and fewer coal plants, and use the exact same amount of energy minus the amount that we spend on Bitcoin.
I strongly suspect that the incremental energy load of mining Bitcoin is coming from coal plants, not nuclear plants. (If anyone has hard data, I would welcome it.) If my suspicion is correct, then claiming that China has nuclear plants is irrelevant, since they aren't producing the electricity that's being spent mining Bitcoin.