Why Bitcoin Mining is Good for the Environment – And why it isn't
by tocs3 on 6/8/2024, 6:27:45 PM
I thought this was a good talk about energy use in the Bitcoin world.
Improved efficiency of computing hardware.
Increased development of renewable electricity.
Development of geothermal energy in remote /economically disadvantaged areas.
Use of surplus electricity and methane. Use of methane from landfills (and people farts).
On the other hand:
They are still using "lots" of energy.
Still using "lots" of coal and other fossil fuel sources.
Opportunity costs when using surplus sources (could be used else where).
I thought this was a good talk about energy use in the Bitcoin world.
Improved efficiency of computing hardware.
Increased development of renewable electricity.
Development of geothermal energy in remote /economically disadvantaged areas.
Use of surplus electricity and methane. Use of methane from landfills (and people farts).
On the other hand:
They are still using "lots" of energy.
Still using "lots" of coal and other fossil fuel sources.
Opportunity costs when using surplus sources (could be used else where).