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Re:Bye-bye, Bitcoin: It's time to ban cryptocurrencies by Jasper_ on Monday July 26, 2021 @02:50PM (#27963576)
> FYI, China kicked out crypto miners, which is why hash rates tanked in the last few months:

The coal mine flood happened about a month before the widespread ban of Bitcoin in China, and we can see both events on the hashrate over time chart.

Re:Bye-bye, Bitcoin: It's time to ban cryptocurrencies by coralreef on Monday July 26, 2021 @03:24PM (#27964122)
Sure, but that means any estimate on clean/dirty energy usage is harder to make now.
Re:Bye-bye, Bitcoin: It's time to ban cryptocurrencies by verdverm on Monday July 26, 2021 @03:34PM (#27964262)
If BTC uses clean energy, someone else has to use the dirty energy because BTC took the renewable they could have used. Mining has also driven up costs for communities that had cheap renewables.

BTC is a waste of energy because it doesn't do any of the things it claims to do. It's highly centralized, far more wealth imbalance, and trending towards custodial accounts if it ever wants to reach mass adoption.

Re:Bye-bye, Bitcoin: It's time to ban cryptocurrencies by nyrosis on Monday July 26, 2021 @04:14PM (#27964810)
That would depend on where the financial motivation to produce renewable energy is coming from.

A logical argument could be made that bitcoin encourages the production and advancment of green energy technologies by rewarding such efforts with wealth generation.

Re:Bye-bye, Bitcoin: It's time to ban cryptocurrencies by nullsmack on Tuesday July 27, 2021 @11:58AM (#27973952)
Oh BS I keep hearing about bitcoin farms that get shut down because they are stealing electricity. That is more likely than someone running one on solar and wind. AND that solar/wind would've been better used to offset a fossil fuel source of electricity than being used on completely and utterly fake and worthless "money"
Re:Bye-bye, Bitcoin: It's time to ban cryptocurrencies by verdverm on Monday July 26, 2021 @05:13PM (#27965567)
Not all logical arguments follow a path of truthiness