Re:Bitcoin consumes 2nd highest electricity per capita
by dougmwne on Wednesday September 15, 2021 @05:25PM
(#28544574)
It would be a neat trick to let Bitcoin energy consumption grow till it was more than half of global energy consumption while ramping up carbon taxes, then regulate it into oblivion overnight. Boom, instant massive energy surplus!
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Re:Bitcoin consumes 2nd highest electricity per capita
by wyager on Wednesday September 15, 2021 @05:39PM
(#28544717)
Bitcoin is one of the few energy sinks where carbon-producing power sources are not economically optimal. Because Bitcoin facilities have constant 24/7 demand at a pretty stable price floor, it actually makes sense to use energy sources like geothermal and nuclear for Bitcoin where it wouldn’t make much sense for industrial or residential generation.