This really is getting quite tiring. It’s such a red herring.
I’d suggest reading this article by Nic Carter to get the other sides POV: https://www.newsweek.com/bitcoin-mining-americas-most-misund...
I’d suggest reading this article by Nic Carter to get the other sides POV: https://www.newsweek.com/bitcoin-mining-americas-most-misund...
It completely ignores that what Bitcoin is doing is a total waste.
Yes Bitcoin might use energy which might not could be used otherwise but it is literally better for our environment not to use this energy instead of creating heat and hardware garbage.
He also tells a lie that Bitcoin miners are happy to only consume excess energy while Bitcoin miner do the total opposite: they consume as long as it is financial success NOT as long as the energy is unused.
He even tries to make the new York Bitcoin power plant 'green' by stating that it also creates heat for the neighborhood and just bluntly ignores that this power plant consumes natural gas to calculate worthless hashes and heat.
The fact is that plenty of countries ban Bitcoin mining because it disrupts there power network, because it undermines the financial control and because what also happens that people are now able to steal power.
And yes in the USA there are people doing Bitcoin mining today and also paying for ac to cool it down and no one is doing Bitcoin mining because it's green (which it isn't) but because the energy price is lower as the hype of Bitcoin.
That's the only reason.
And it's the most shittiest reasons to burn through energy and hardware.
Fuck you Bitcoin miners fu
Even using the electricity to literally just pump water uphill would be a better use than to pump it into the blorkchain:
https://en.wikipedia.org/wiki/Pumped-storage_hydroelectricit...
And if the world is looking for something to do with surplus electricity:
https://en.wikipedia.org/wiki/Desalination#Energy_consumptio...
Considering the fact that 1/10th of the worlds population have no access to safe drinking water, this would be a far better use ;-)
and thats not an absolute for everyone.
Right now and for a few years already this is ongoing and is hurting people and our planet.
And I did put up clear arguments don't put 'i don't respect it's in my mouth. I did not say that.
I'm not saying crypto coins itself is nothing we should research but we don't need to support Bitcoin to continue researching the technology or the idea behind it.
I don't feel that bitcoin is a total waste although I do feel their development roadmap and consensus making community hamper its competitive ability, in comparison to competing crypto coins.
Taking that energy off the grid is literally an incentive to not add any of those solutions which we will need in the future unless we finally agree to go nuclear.
if bitcoin mining makes you suddenly notice that you want these logistical nuances subsidized, after a hundred years of never noticing, then fine, compete with the miners at energy producing sites and legislatively that way
What are you even talking about? The issue of peak vs base load/generation is known for ages and getting only more relevant for planning these days since most renewables are not constant output.
“Could,” or “are”? How many miners are doing this? How many would even want to?