Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ...
by DennisP on Monday February 08, 2021 @02:06PM
(#26068663)
> They're not interconnected to the grid so previously they would export that energy via aluminum
Ok, but now somebody else is making that aluminum.
There's always something we could do with free energy, including making carbon-neutral liquid fuels or ammonia fertilizer, or taking CO2 out of the atmosphere.
If Bitcoin were the only way to have a working cryptocurrency, there'd at least be an argument for it. Now that proof-of-stake is available, Bitcoin's energy consumption is pure waste, since we can have essentially the same product without using the energy.
Ok, but now somebody else is making that aluminum.
There's always something we could do with free energy, including making carbon-neutral liquid fuels or ammonia fertilizer, or taking CO2 out of the atmosphere.
If Bitcoin were the only way to have a working cryptocurrency, there'd at least be an argument for it. Now that proof-of-stake is available, Bitcoin's energy consumption is pure waste, since we can have essentially the same product without using the energy.