Re:Square: Bitcoin Is Key to an Abundant, Clean Energy Future
by SamBam on Wednesday April 21, 2021 @01:36PM
(#26892850)
And if you simply removed all the bitcoin miners, that would be the equivalent of saving 120 terawatt-hours per year. Or the equivalent of installing 20,000 large offshore wind turbines [1], for free, without any materials or construction or grid costs.
Does this proposal suggest that increasing BitCoin production could economically lead to the funding of anywhere near that many wind turbines? (Or, rather, many more, since much of that energy would be cannibalized by the mining.)
1. Average offshore wind turbine output ~6 million kWh/yr
Does this proposal suggest that increasing BitCoin production could economically lead to the funding of anywhere near that many wind turbines? (Or, rather, many more, since much of that energy would be cannibalized by the mining.)
1. Average offshore wind turbine output ~6 million kWh/yr