Re:Cryptocurrency Miners Are Reportedly Ruining the Laptop M...
by drdeca on Saturday April 03, 2021 @12:59PM
(#26682633)
I was thinking just a consensus among countries to individually enforce it (and possibly economic sanctions on those that don’t, but maybe not).
And I was kind of speaking hypothetically? Not saying it was an achievable goal. Just saying that if it did happen, then there would be little to no reason to be concerned about the energy use.
The only way the miners quit using so much electricity is if the demand goes down (less transactions and less fees) and/or a new cryptocurrency that uses proof of work starts running the game. Proof of work reduces electricity use on the scale of 10000ths to millionths compared to Bitcoin.
Your carbon tax is absolute idiocy in a world where any countries can just give you the middle finger. Would it be universally enforced with a global army that goes and sacks anyone who doesn't follow the rules? Take a look at the UN and see how that works. Many smaller less wealthy countries shit on UN policies all the time and nobody bats an eye.