Climate groups say change in coding can reduce Bitcoin energy consumption by 99%
theguardian.com
theguardian.com
“Imagine the Saudis sitting on all that oil, which has a cost of about ½ cent per kilowatt hour – no renewable can match that,” Larsen said. “Bitcoin mining could be this endless monetization engine for fossil fuels. That would be a nightmare.”
The only thing holding it back is that crypto can be worth an arbitray amount but it only monetizes when someone buys it.
Isn't it can be sold as dollars? Just keep selling it to US Navy.
Energy is not even the half of the answer. You have to extract an electricity from your carbs. Also you have to own some mining powers and to be sure that governments will not confiscate your property. And please not forget that "monetization" part of mining strategy becomes less and less effective if your goal is just to get bitcoins instead of to support community. Last but not least - among all the possible "change in coding"-s they are talking only about PoS, there are no more of intellectual load in the article.