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A comment on Up to 1,500 businesses affected by ransomware attack, Kaseya CEO says. Parent comment

Re:Up to 1,500 businesses affected by ransomware attack, Kas... by jerry1979 on Tuesday July 06, 2021 @03:32PM (#27753220)
Your question comes loaded with the assumption that all energy production is equal. In reality, energy harvested from hydro or geothermal may have lots of value for proof of work processes, but they don't have lots of value for someone living far away from the hydro or geothermal plant.
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Re:Up to 1,500 businesses affected by ransomware attack, Kas... by pyrale on Tuesday July 06, 2021 @03:40PM (#27753290)
There are other energy consumers than can be located next to cheap energy, like aluminium production. This alone explains why iceland is a significant exporter of energy-intensive manufactured products.
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Re:Up to 1,500 businesses affected by ransomware attack, Kas... by rland on Tuesday July 06, 2021 @10:15PM (#27756659)
Well if you want to consider that an assumption, energy from coal has lots of value, if proof of work got profitable enough.

Which... it already has. Coal plants have been spooled up just to mine btc. The idea that we should continue or expand crypto mining is ludicrous, because it already has harmed the environment, even at its small market cap.

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Re:Up to 1,500 businesses affected by ransomware attack, Kas... by silexia on Wednesday July 07, 2021 @10:09AM (#27761297)
A currency should take less than .00001% of global energy consumption to run. Absolutely no reason to burn energy like this. Use proof of stake or just convert some other valuable entity like stock into currency.
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