Re:A faster, more efficient cryptocurrency
by mr_spothawk on Monday February 18, 2019 @10:59PM
(#19196480)
it'd be great if more people would read this link... but, since that's not where we're at on this forum here's the synopsis:
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The Takeaways
* Contrary to what you’ve heard in the media, bitcoin mining is not an environmental disaster. In fact, it is one of the cleanest billion-dollar industries on the planet.
* The combined total bitcoin mining network draws less power than global gaming consoles running 4 hours per day.
* Bitcoin mining is mainly powered on renewable energy, at levels more than four times higher than the global average (>77.6% vs ~18.2%).
* Every year, enough hydro power is wasted in Yunnan and Sichuan alone to power the Bitcoin mining network many times over.
* Bitcoin miners are highly mobile and can therefore serve as cornerstone demand for low-cost stranded renewables.
* By increasing profitability and lowering reliance on subsidies, bitcoin mining can positively contribute to the development and scaling of renewable energy projects wherever conditions are the most favourable.
"""
The Takeaways
* Contrary to what you’ve heard in the media, bitcoin mining is not an environmental disaster. In fact, it is one of the cleanest billion-dollar industries on the planet.
* The combined total bitcoin mining network draws less power than global gaming consoles running 4 hours per day.
* Bitcoin mining is mainly powered on renewable energy, at levels more than four times higher than the global average (>77.6% vs ~18.2%).
* Every year, enough hydro power is wasted in Yunnan and Sichuan alone to power the Bitcoin mining network many times over.
* Bitcoin miners are highly mobile and can therefore serve as cornerstone demand for low-cost stranded renewables.
* By increasing profitability and lowering reliance on subsidies, bitcoin mining can positively contribute to the development and scaling of renewable energy projects wherever conditions are the most favourable.
"""