by crazygringo on 4/25/21, 3:50 AM
Was this post flagged?
It was near the top of the front page 5 minutes ago. Now it's not anywhere in the top 200 stories.
The fact that an entire natural gas power plant in upstate NY was purchased to exclusively power Bitcoin mining seems to be pretty newsworthy, at a time where we're trying to cut carbon.
by remolacha on 4/25/21, 3:56 AM
At its core, criticism of Bitcoin as bad for the environment is premised on the notion that Bitcoin is just a pointless game, rather than a useful piece of infrastructure. If it achieves everything that Bitcoin maximalists claim it will (more efficient financial rails, self-sovereign identity), then it is a cost worth paying. If needed, we can better incentivize green bitcoin mining with carbon taxes or renewable energy mining subsidies.
by bitcoinmonger on 4/25/21, 11:29 AM
I don't understand why Bitcoin has been designed to burn fossil fuels when it should just as easily be able to be run using green energy.
Until this is changed I can't see cryptocurrencies having a future, despite their utility.
by Black101 on 4/25/21, 2:54 AM
Maybe the Government will make it illegal to mine new bitcoins and my bitcoins will go to the moon?
by sintaxi on 4/25/21, 3:45 AM
Bitcoin uses far less energy than fiat currencies - and its not even close.
by A4ET8a8uTh0 on 4/25/21, 3:45 AM
I find the recent push to frame crypto as an ecological fight mildly interesting as it clearly appears to be somewhat coordinated. That does not mean it is not true. But it is genuinely hard to not to wonder who is setting that on the agenda.