Re:The Environmental Case Against Bitcoin
by polkovnikov-ph on Thursday December 07, 2017 @09:33PM
(#15876257)
Let's look at previous May. So you're sure the reason of the "bitcoin is a fraud" surge is x5 increase in hash rate, and not x10 increase in exchange rate? Look, it got twice as efficient in half a year, and yet they go with their hypocrisy on bad environmental impact!
The higher the price, the more energy miners can profitably use. The environmental aspect of bitcoin is getting attention because the carbon footprint is no longer hypothetical.