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A comment on Cryptocurrency Miners Are Reportedly Ruining the Laptop Market, Too. Parent comment

Re:Cryptocurrency Miners Are Reportedly Ruining the Laptop M... by ArkanExplorer on Saturday April 03, 2021 @04:40AM (#26679317)
Mining profitability is a function of the price of the underlying asset.

Tank prices - by limiting fiat inroads for example - and you significantly limit mining activity.

The scale of waste (of electricity, human effort, hardware) dedicated to cryptocurrencies is staggering.

[ Parent | on HN ]
Re:Cryptocurrency Miners Are Reportedly Ruining the Laptop M... by chii on Saturday April 03, 2021 @09:29AM (#26680881)
it's not a waste if somebody was willing to pay for it.
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Re:Cryptocurrency Miners Are Reportedly Ruining the Laptop M... by frombody on Saturday April 03, 2021 @09:33AM (#26680908)
this statement is extremely subjective
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Re:Cryptocurrency Miners Are Reportedly Ruining the Laptop M... by chii on Sunday April 04, 2021 @01:15AM (#26687066)
exactly - the concept of waste is subjective. If you are arguing that energy production has way too many externalities not being accounted for, then i would agree. But that's not "waste" - that's bad regulation and pricing.

A globally enforced carbon tax will fix that problem, and allow the market price to reflect the costs completely. Then, if people wish to spend/invest their wealth on mining, let 'em. It's not a "waste", not any more than watching a theater production is a "waste".

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