Re:Cambridge Bitcoin Electricity Consumption Index
by anigbrowl on Wednesday February 10, 2021 @01:40PM
(#26093085)
Those bills cost energy to produce. The bank had to be built. There was a teller there, did they spend any energy driving to the bank that day? Did you use a duffel bag? Where’d that come from? Etc.
Just like the mining rigs that produce bitcoin. It seems like you're conflating fixed costs (of plant and machinery) with marginal costs (of exchanging some amount of BTC vs fiat).
Just like the mining rigs that produce bitcoin. It seems like you're conflating fixed costs (of plant and machinery) with marginal costs (of exchanging some amount of BTC vs fiat).