Re:Bitcoin Bubble Makes Dot-Com Look Rational
by criddell on Tuesday November 28, 2017 @06:43AM
(#15796312)
I wonder how the environmental impact of mining gold compares to mining bitcoin?
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Re:Bitcoin Bubble Makes Dot-Com Look Rational
by alex_young on Tuesday November 28, 2017 @07:15AM
(#15796498)
Both are pretty bad.
Gold mining is mostly strip mining tons of ore, spraying it with cyanide, collecting the runoff, and refining that. Then you pack up and leave before someone makes you clean up.
Re:Bitcoin Bubble Makes Dot-Com Look Rational
by bmking on Tuesday November 28, 2017 @07:24AM
(#15796561)
Pollution from Gold mining:
https://sciencing.com/types-pollution-generated-gold-mining-...
A very rough estimate: World wide Bitcoin mining operation spends per year around 60% as much electricity as all of USA's bank offices: https://news.ycombinator.com/item?id=15615601
With Bitcoin mining there is a high incentive to actually use renewable energy sources and could be physically outsourced to places where building green power plants is otherwise not practical due to the limits of creating a power grid to make such a power plant profitable.
Re:Bitcoin Bubble Makes Dot-Com Look Rational
by cjbenedikt on Tuesday November 28, 2017 @12:32PM
(#15799354)