Re:Cambridge Bitcoin Electricity Consumption Index
by pdpi on Wednesday February 10, 2021 @10:26AM
(#26090393)
The actual result of mining is defending the network against double-spending (and censorship, to a degree — though this is more fragile). Insofar as you believe that Bitcoin-the-currency is itself a social positive, the mining process has a positive effect. (But also a very meaningful cost, which leads us to a subtler question — is it a net positive?)
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