Re:When Bitcoin miners take over a town (2018)
by Angostura on Sunday February 21, 2021 @10:00AM
(#26213910)
It uses a shocking amount of energy. Is it wrong to point this ou?
[ Parent
| on HN ]
Re:When Bitcoin miners take over a town (2018)
by arebop on Sunday February 21, 2021 @10:13AM
(#26214005)
Aluminum production and datacenter operations also use a shocking amount of energy. Apparently Argentina uses a lot of electricity. People complain about bitcoin specifically because they don't recognize any value and they're frustrated that other people disagree. If they were genuinely worried about environmental impact, they'd look at the externalities of electricity production & distribution in a more general way (cap & trade? carbon tax?) rather than arguing that one particularly visible use of electricity is immoral.
Re:When Bitcoin miners take over a town (2018)
by DanBC on Sunday February 21, 2021 @10:29AM
(#26214124)
We get something useful from aluminium production.
Re:When Bitcoin miners take over a town (2018)
by doomroot on Sunday February 21, 2021 @02:08PM
(#26216153)
Subjectively. Clearly bitcoin users get something useful or they wouldn’t use it, no?
Re:When Bitcoin miners take over a town (2018)
by smabie on Sunday February 21, 2021 @02:54PM
(#26216531)
we clearly get something useful from bitcoin
Re:When Bitcoin miners take over a town (2018)
by mtnGoat on Sunday February 21, 2021 @10:39AM
(#26214211)
Alcoa owns 24-26% of a very large hydroelectric dam in Wenatchee Washington. It’s more profitable to sell their power shares then to run their plant, so the largest(also one of the best paying) employer in town shuttered their plant to sell power instead.
There are also economic impacts not just ecological.