Re:Cambridge Bitcoin Electricity Consumption Index
by paulsutter on Wednesday February 10, 2021 @03:31PM
(#26094329)
It's quite different: the energy represents the market cost of securing the network. The value of the network supports that cost otherwise nobody would be performing mining.
If this were taxpayer supported I could understand the objection, but the people buying the energy to run the system are doing so as a commercial activity to make a profit. How is this commercial use of energy inherently worse than other commercial activities?
If this were taxpayer supported I could understand the objection, but the people buying the energy to run the system are doing so as a commercial activity to make a profit. How is this commercial use of energy inherently worse than other commercial activities?