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Re:Ethereum will use around 99.95% less energy post merge by EugeneOZ on Tuesday May 18, 2021 @04:17PM (#27200446)
Well, I’m not naive enough to expect something else. People are making money and protect their businesses. It is ok for me.

For some people (not for me) living in poor countries, mining was a chance to improve their lives. Now it's sold for the opportunity to give more money to those who have large amounts of money.

All these talks about the climate are so ridiculous in this context - nobody even tried to calculate how much of that energy was produced by the wind or sun.

Re:Ethereum will use around 99.95% less energy post merge by stormbrew on Tuesday May 18, 2021 @05:28PM (#27201433)
> nobody even tried to calculate how much of that energy was produced by the wind or sun.

I've definitely seen some analysis that does? But I don't see how it matters. There's an opportunity cost there, where using solar or wind power for something like bitcoin could be better spend on something intrinsically (rather than abstractly) productive, like heating/cooling homes or whatever.

And like, if suddenly it was decided magically somehow that "all bitcoin must be produced with renewable energy" I don't think the world would be made better by the sudden rise in price of solar panels by 10x like has happened with video cards. There's an inherent price inflationary effect involved in anything that's capable of producing 'free money'.

Re:Ethereum will use around 99.95% less energy post merge by EugeneOZ on Wednesday May 19, 2021 @06:05AM (#27206540)
lol, people can decide what is better for them. Every person, without mine or your opinion.
Re:Ethereum will use around 99.95% less energy post merge by stormbrew on Friday May 21, 2021 @01:47AM (#27230904)
Again, until the price of things needed to build solar panels or wind farms become outrageously expensive because they're generating 10x as much value. Then yes, actually, your choices affect me and everyone else on this planet.