Re:Cambridge Bitcoin Electricity Consumption Index
by ha4fsd3fas on Wednesday February 10, 2021 @01:17PM
(#26092811)
Well it's like any other business that runs on electricity. AWS converts electricity directly into profit. They provide a service for paying customers, just like a miner does. I'm sure many datacenters are located in places where electricity is cheap, hell I bet some datacenters get it even cheaper with lobbying.
Re:Cambridge Bitcoin Electricity Consumption Index
by tw04 on Wednesday February 10, 2021 @03:59PM
(#26094715)
Can you list an example of AWS building a datacenter, in secret, in a location with subsidized power? I GUARANTEE YOU Amazon lets the local municipality know when they're building a new datacenter and they aren't getting subsidized rates.
Re:Cambridge Bitcoin Electricity Consumption Index
by ric2b on Wednesday February 10, 2021 @10:50AM
(#26090773)
> Electricity is one of those things most of society has deemed an essential good, and as such has subsidized it for the poorest among us.
Sounds like an argument for giving subsidies to the poor instead of anyone using electricity.
How many of those businesses have been rent seeking countries/states/locations that subsidize electricity for their populations?
Electricity is one of those things most of society has deemed an essential good, and as such has subsidized it for the poorest among us. Bitcoin farmers are abusing that system to turn the government subsidies into personal profit for a handful.
Let's not even begin to equate THAT to someone going to a concert put on for the benefit of and at the cost to those participating.