Re:Kazakhstan to restrict crypto miners amid power shortages
by eldaisfish on Wednesday November 03, 2021 @11:15AM
(#29095851)
What you must also mention is that electricity is a finite resource. Consuming electrical energy - even at a hydro power station - means the energy you used isn't delivered to somewhere else.
[ Parent
| on HN ]
Re:Kazakhstan to restrict crypto miners amid power shortages
by mr_spothawk on Wednesday November 03, 2021 @04:14PM
(#29099693)
is electricity finite? i don't think so.
you might say that the grid can only support a certain load at a some given time, but obviously more energy could be provided.
in any case, i think it's silly to concern ourselves with (specifically Bitcoin's) energy consumption, as it's tiny compared to the efficiency gains that are realized elsewhere as a result of bitcoin's adoption.
Re:Kazakhstan to restrict crypto miners amid power shortages
by quickthrowman on Wednesday November 03, 2021 @06:52PM
(#29101518)
Yes, electricity is finite. Just because you could add more power generation doesn’t mean it’s infinite, c’mon now.