Re:Stripe is kick-starting market for carbon removal
by objclxt on Wednesday October 27, 2021 @09:50AM
(#29013243)
> not towards the enormous mountain of power required to power non crypto servers as part of normal professional software business
The incentives are very different, I don't think you can compare them like that.
Miners and companies like Google both make more money the less power they use. However, in the case of Google power consumption is a side effect of their business.
To put it another way: if you overnight doubled Google's datacenter capacity you would not double their revenues. But if you doubled a bitcoin miner's capacity there would be an immediate change in the amount of revenue being made.
This means that for miners there's a very clear incentive to use whatever resources you can at your disposal, because the more power and hardware you have the more profit you can make.
The incentives are very different, I don't think you can compare them like that.
Miners and companies like Google both make more money the less power they use. However, in the case of Google power consumption is a side effect of their business.
To put it another way: if you overnight doubled Google's datacenter capacity you would not double their revenues. But if you doubled a bitcoin miner's capacity there would be an immediate change in the amount of revenue being made.
This means that for miners there's a very clear incentive to use whatever resources you can at your disposal, because the more power and hardware you have the more profit you can make.