Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by nnx on Monday July 05, 2021 @05:00AM
(#27735886)
That is basically what Bitcoin is... because the cheapest energy is the one you can produce yourself from renewables.
[ Parent
| on HN ]
Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by davidhyde on Monday July 05, 2021 @05:34AM
(#27736069)
Using resources to build a solar panel that only generates electricity to feed into a bitcoin mine that basically turns that solar energy straight back into heat is a net energy negative. The only conceivable benefit is increased economies of scale for the production of solar panels.
I am talking about generating electricity and NOT using it for mining.
Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by bhaak on Monday July 05, 2021 @05:13AM
(#27735946)
You're only thinking of honest miners.
The cheapest energy is the one you steal.
Re:Cryptocurrency Blockchains Don’t Need to Be Energy Intensive
by user-the-name on Monday July 05, 2021 @05:34AM
(#27736071)
If this were true, we would not be in the middle of a climate crisis right now.