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A comment on Every $1 of BTC value responsible for $0.49 in health and climate damages in US. Parent comment

Re:Every $1 of BTC value responsible for $0.49 in health and... by user-the-name on Thursday March 04, 2021 @08:45AM (#26342292)
> Most of this electricity comes from the cheapest source of power, which is hydro.

This is not actually true. And even if it were, it is irrelevant. If crypto uses green energy, it displaces other users to use more dirty energy.

The environmental cost of crypto is not that of the energy it uses, it is that of the dirtiest energy it displaces other users onto.

(Crypto also uses massive amounts of dirty energy directly. The idea that crypto uses green energy is basically a lie.)

[ Parent | on HN ]
Re:Every $1 of BTC value responsible for $0.49 in health and... by effie on Thursday March 04, 2021 @01:48PM (#26346437)
> If crypto uses green energy, it displaces other users to use more dirty energy.

"I bought a solar panel and AC converter to consume less from the grid. Oops, because of that now I am displacing my neighbours to use more dirty energy. How silly of me."

Seriously your argument makes no sense. How does one minor consumer of green energy displace you from doing the same?

[ Parent | on HN ]
Re:Every $1 of BTC value responsible for $0.49 in health and... by user-the-name on Friday March 05, 2021 @06:20AM (#26355556)
Bitcoin mining facilities do not install their own solar panels. They use energy from the grid, that would otherwise go to other users if bitcoin miners did not destroy it.
[ Parent | on HN ]