Re:Kazakhstan to restrict crypto miners amid power shortages
by bena on Wednesday November 03, 2021 @02:07PM
(#29098294)
I think the other thing ignored is that crypto tends to take as much power as possible.
Making crypto more efficient wouldn't make it use less electricity, it would just increase the number of miners. And you'd be a fool not to do that because only one node becomes part of the chain and the more you mine, the greater your chances you get that golden ticket.
Crypto will always try to get power usage as close to 100% as possible from every possible source. We never get off of fossil fuels unless crypto stops being a thing.
And not to mention, being at capacity all the time is a bad thing. In something you want available all the time, you want a lot of potential capacity in case of failures or demand spikes.
Making crypto more efficient wouldn't make it use less electricity, it would just increase the number of miners. And you'd be a fool not to do that because only one node becomes part of the chain and the more you mine, the greater your chances you get that golden ticket.
Crypto will always try to get power usage as close to 100% as possible from every possible source. We never get off of fossil fuels unless crypto stops being a thing.
And not to mention, being at capacity all the time is a bad thing. In something you want available all the time, you want a lot of potential capacity in case of failures or demand spikes.