Green hackers around the world, let’s destroy Bitcoin

Re:Green hackers around the world, let’s destroy Bitcoin by azernik on Tuesday February 09, 2021 @04:21AM (#26075445)

1) 1/30 of total electricity consumption is a hell of a lot!

2) Yes, developing-economy per capita energy usage is going to go up while they catch up to developed-economy standards of living; that's happening in all categories. Developed economies still need to reduce their energy usage. e.g. we're not stopping our switch to electric cars just because half of India is getting their first gas-powered scooter.

Everyone can have A/C, but we need to keep our usage as low as is feasible.

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Re:Green hackers around the world, let’s destroy Bitcoin by effie on Tuesday February 09, 2021 @10:23AM (#26078480)

Agreed. But while BTC consumes a lot, so do hundreds of other kinds of activities that are also by themselves insignificant. The pain of CO2 production should be felt by every consumer proportionally to what they consume.

We need to fix overall energy policy, make everyone pay for their consumption just amount, and keep fixing the damn production to get carbon neutral.

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Re:Green hackers around the world, let’s destroy Bitcoin by azernik on Tuesday February 09, 2021 @08:01PM (#26084635)

BTC is particularly egregious because it produces a lot less social value in exchange for its energy usage than A/C

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