Re:Bitcoin Mining Is Reshaping the Energy Sector and No One ...
by xyzzyx on Wednesday December 08, 2021 @05:40AM
(#29483193)
https://en.wikipedia.org/wiki/Jevons_paradox
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Re:Bitcoin Mining Is Reshaping the Energy Sector and No One ...
by danuker on Wednesday December 08, 2021 @09:58AM
(#29485466)
> Jevons observed that England's consumption of coal soared after James Watt introduced the Watt steam engine, which greatly improved the efficiency of the coal-fired steam engine from Thomas Newcomen's earlier design.
This is good, I believe efficient use of resources is key to a better standard of living.
But all externalities should be priced-in: the cost of pollution should be paid to the people suffering from it.