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Re:Kazakhstan to restrict crypto miners amid power shortages by coldpie on Wednesday November 03, 2021 @12:16PM (#29096713)
> I'm totally open to new ideas.

Find a better hobby =/ This casino is not worth boiling the world.

Re:Kazakhstan to restrict crypto miners amid power shortages by matheusmoreira on Wednesday November 03, 2021 @12:35PM (#29096976)
It's not even 1% of global energy consumption. It's the oil companies who are boiling the world but nobody dares to touch them. The cars, the factories, the developed nations and their comfortable lifestyles supported by such a highly polluting economy. China is the most polluting country in the world, but will the US, Europe stop trading with it? No. How will the west survive without its cheap consumer products? The very computers we're posting this on? Yet I'm expected to care about BTC energy consumption? No, I refuse to care. It's a drop in the ocean compared to the real problems that no government will lift a finger to solve.

That said, I'm totally open to new hobbies.

Re:Kazakhstan to restrict crypto miners amid power shortages by oblio on Wednesday November 03, 2021 @01:43PM (#29097973)
> It's not even 1% of global energy consumption.

For now. As its usage goes up, its energy consumption will go up, <<by design>>. It's crazy that we're even talking about a <<currency>> (!!!) using this much power.

> It's the oil companies who are boiling the world but nobody dares to touch them.

We are working on all of that, I guess you haven't been following the news. It's not easy, but we are.

> The cars, the factories, the developed nations and their comfortable lifestyles supported by such a highly polluting economy.

Same. Electric cars, environmental regulations for factories, increased energy efficiency for houses, etc.

> China is the most polluting country in the world, but will the US, Europe stop trading with it? No.

China's working on it and the US and EU are actually kind of gearing up towards a trade reduction.

> No. How will the west survive without its cheap consumer products? The very computers we're posting this on?

These computers are also used for work, hobbies, making people's lives better.

> No, I refuse to care. It's a drop in the ocean compared to the real problems that no government will lift a finger to solve.

It's not a drop. It's something we created about a decade ago and it uses up a 100th of the energy the entire world is using. That's crazy. And those real problems are being tackled, you just don't know it or refuse to see or think it's simple and easy to solve.

Re:Kazakhstan to restrict crypto miners amid power shortages by matheusmoreira on Wednesday November 03, 2021 @02:08PM (#29098308)
> And those real problems are being tackled, you just don't know it or refuse to see or think it's simple and easy to solve.

Okay. Let's wait for them to solve the big problems first before we focus on inconsequential stuff like cryptocurrency. Once that's taken care of, we'll see if proof of work remains an issue.

Re:Kazakhstan to restrict crypto miners amid power shortages by sudosysgen on Wednesday November 03, 2021 @02:02PM (#29098245)
1% energy usage is far from a drop in the ocean. It's huge!
Re:Kazakhstan to restrict crypto miners amid power shortages by matheusmoreira on Wednesday November 03, 2021 @02:54PM (#29098828)
In absolute terms, sure. In relative terms, it's nothing. Removing BTC energy consumption from the equation barely affects the result. In order to actually do something about climate change, humanity needs to tackle that big 80-90% chunk of energy consumption coming from much more problematic industries. Cryptocurrency is a nuisance by comparison, a minor problem.
Re:Kazakhstan to restrict crypto miners amid power shortages by BoiledCabbage on Saturday November 06, 2021 @01:17AM (#29127723)
I think if you're going to promote this view, you really need to look into the energy growth rate of Bitcoin.

It has doubled in the past 6 months. And gone up 10x over the past 4 years. How many more times can it go up 10x before you would consider it no longer nothing, and now a concern for the world?

The first rule of holes is "stop digging". We are in a hole with energy consumption. And we've set off an automated digger to sit next to us. People are shouting, if we want to get out of this hole, yes we need to fill it, but first need to do something immediately about this automated digging machine.

In my option (and I'm not singling you out as many in crypto feel this way), it is incredibly backwards for anyone to both say stopping climate change and energy consumption is a priority - and that promoting a growing energy beast isn't a huge concern to be addressed.

Re:Kazakhstan to restrict crypto miners amid power shortages by matheusmoreira on Saturday November 06, 2021 @04:17PM (#29133466)
I'm not ignoring or dismissing the problem. I just think it's not a priority right now. I also completely support ideas that make cryptocurrency mining more sustainable. In this thread I had an amazing discussion about using the waste heat generated by miners for useful purposes. We definitely need more of that.

I don't like these posts claiming cryptocurrency is literally destroying the world and must be banned or regulated out of existence. Those need a reality check, and the reality is cryptocurrency is not even 1% of world energy consumption.

Re:Kazakhstan to restrict crypto miners amid power shortages by trevyn on Wednesday November 03, 2021 @12:39PM (#29097029)
The evidence seems pretty strong that the world’s gonna get boiled anyway, fwiw.

It’s fine to hope that things might be different, but making decisions and plans based on that hope seems…imprudent.