Re:A faster, more efficient cryptocurrency
by dorgo on Tuesday February 19, 2019 @01:15AM
(#19197004)
> and to encourage businesses to come to their country?
Bitcoin mining is a business and it comes to the country. Goal achieved.
Re:A faster, more efficient cryptocurrency
by antidesitter on Thursday February 21, 2019 @11:30AM
(#19217956)
> the country may be forced to create new energy sources to provide to the population
Do you have any evidence that this is happening and, if so, that its costs outweigh the utility of energy exported to the rest of the world?
If cryptocurrency mining goes to countries with subsidized energy and they become part of maxing out that country's energy output, the country may be forced to create new energy sources to provide to the population (aka, higher environmental impact + cost). This push may be partially blamed by the cryptocurrency servers.
In other words, not all cryptocurrency mining servers as utilizing just the extra capacity casually created by a city/state.