How is it good for the environment? I only mine when my house and battery does not need electricity and our solar is producing over 1kw. Everything I earn (around 100-300$ a month between February to Oktober) I invest in the next environment project. My miners need about 500w. This is a fraction of the amount I put back into the grid. If I would not do this, our new heating system wouldn't be financed yet.
There's a case to be made for using the spikes of solar power to run miners, on a grid dominated by renewables, but that requires the economics to work out just right with very cheap silicon that can sit idle a big majority of the time.
It would be nice, if this would be mandatory for big official mining operations. Pretty sure they would just move somewhere else but still.
Mining takes energy that is likely created by fossil fuel, that would otherwise be used to some necessary purposes, and burns it.
Unless you are generating green energy yourself, you’re likely hurting the environment.
I’m not saying you need to stop, and I’m not saying mining rigs are the end of the world (lord knows at least they aren’t frivolous airline flights), I’m just saying the previous poster isn’t being rude… it’s a valid point.
This is an assumption though, they could be running a large diesel generator for all we know.
I updated my comment.
Dont want to be snarky, but thats the summary of what you just said.
So no, I only use overproduction to mine and only a fraction of it. Everything else goes back into the grid.
> Dont want to be snarky, but...
it's a bit like saying "no pun intended" right before intentionally saying a pun. It is literally easier to just make the point.
I think anyone involved in a PoW system (holding, mining, spending) is legitimising wasting energy. Even if you're using a sustainable source, others aren't, and the power you're using could have been used elsewhere.
Your personal impact might have been small, but it still takes serious compartmentalization or blissful ignorance to be involved in crypto and profess care for the environment.