Re:Ethereum will use around 99.95% less energy post merge
by lmm on Wednesday May 19, 2021 @02:10AM
(#27205163)
> The money to build a mining rig and consume the electricity needed to run it is not even remotely permissionless.
Yes it is. You can manufacture your own mining rig, with no-one else's permission, without ever needing to so much as communicate with anyone who currently holds any bitcoin.
> To add insult to injury, most miners ignore the externalities of that electricity use.
Most cryptocurrency developers ignore the externalities of all the crime they're enabling, so it's not like the miners are any worse.
Yes it is. You can manufacture your own mining rig, with no-one else's permission, without ever needing to so much as communicate with anyone who currently holds any bitcoin.
> To add insult to injury, most miners ignore the externalities of that electricity use.
Most cryptocurrency developers ignore the externalities of all the crime they're enabling, so it's not like the miners are any worse.