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A comment on Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]. Parent comment

Re:Bitcoin miners in Abkhazia are causing blackouts in remot... by fredfoobar on Friday March 12, 2021 @03:32PM (#26440536)
* You are talking as if there is a linear scaling of how much energy is consumed by a "miner" on the fly. This is false.

* Most renewable/stranded energy mining operations have their own energy source that is not going to be shared by someone else.

* Bitcoin's energy consumption doesn't scale with the number of transactions on each block.

* Most of the bitcoin has already been mined, the incentive to "mine aggressively" is decreasing over time.

* "What if bitcoin uses all the energy", like the top poster on this thread was talking about, they were mocking it to say that all of the energy generated by the sun will be used for mining eventually, is this a fair argument? If such extremist thinking took hold, we could use it to subdue pretty much all progress. Did we think that there will be gold miners digging up land everywhere and we won't have a place to live?

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Re:Bitcoin miners in Abkhazia are causing blackouts in remot... by fredfoobar on Friday March 12, 2021 @03:34PM (#26440555)
Most of the arguments against, sound like the same arguments against things like cars (vs horses). "Do you think we'll make all those roads just for cars to go on?", "Cars don't work on dirt roads, they get stuck all the time", "What if you run out of gas in the middle of nowhere?" "You will run over people and kill them in an accident" "Cars cause pollution"
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Re:Bitcoin miners in Abkhazia are causing blackouts in remot... by JoeAltmaier on Friday March 12, 2021 @05:30PM (#26441764)
Making ones own arguments is a great idea. Mocking others is not. Re-read the site rules.
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Re:Bitcoin miners in Abkhazia are causing blackouts in remot... by fredfoobar on Friday March 12, 2021 @05:45PM (#26441881)
"Rules for thee, but not for me"

1. https://news.ycombinator.com/item?id=26435464

2. "Be kind. Don't be snarky. Have curious conversation; don't cross-examine. Please don't fulminate. Please don't sneer, including at the rest of the community." (https://news.ycombinator.com/newsguidelines.html)

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Re:Bitcoin miners in Abkhazia are causing blackouts in remot... by JoeAltmaier on Saturday March 13, 2021 @07:28AM (#26446122)
I simply pointed them out politely. Any sneering was entirely projected!
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