But the money that comes from the usage provides income for investment in maintenance and capital investment in increased capacity. Including investment in cheaper, cleaner energy.
I’d side with @nostrich here. And I’m not saying any government should actually dictate how much energy bitcoin miners consume. The real point is that lots of energy has been used for bitcoin mining and so that process is not at all efficient.
Let’s pretend we all stopped eating food, heating/cooling our buildings, watching sports, browsing social media, lighting our spaces, buying & building stuff, and going places. And we did that to the point that the only energy consumption was for mining bitcoin. Seems to me that world would be exactly the opposite of what we want for humanity.
New technologies should be reducing the carbon footprint, not increasing it. We need to find a way to increase the efficiency.
Let’s pretend we all stopped eating food, heating/cooling our buildings, watching sports, browsing social media, lighting our spaces, buying & building stuff, and going places. And we did that to the point that the only energy consumption was for mining bitcoin. Seems to me that world would be exactly the opposite of what we want for humanity.
New technologies should be reducing the carbon footprint, not increasing it. We need to find a way to increase the efficiency.
1
