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Re:The Ethereum merge is done by yieldcrv on Thursday September 15, 2022 @03:16PM (#32857148)
miners are driven purely by the market to find cheap energy sources

its not altruism by any means and it doesn't matter

this is what happens, frame it any way you prefer, it doesn’t really matter as the constant is that North America is the best market for this

all levels of government are noticing and investors are noticing and they all need the sustainability framing, I don’t think I had made any framing in my reply

Articles that talk about the “amount” of energy bitcoin mining uses are going to keep coming out, if you’re more familiar with that framing, the source of energy has been more important than the amount for a very long time, to convey environmental impact, and this is just one example

Re:The Ethereum merge is done by actionfromafar on Thursday September 15, 2022 @08:09PM (#32860233)
I don't think I get your point. To me, any renewable power going into bitcoin mining, is contributing nothing except "securing the blockchain".

I don't even have a stake in this game, except living on the same planet as everyone else. And it's getting warmer. Any power spent on bitcoin is power not spent solving more practical problems elsewhere.

Re:The Ethereum merge is done by yieldcrv on Thursday September 15, 2022 @08:22PM (#32860321)
As I wrote in my other reply to your other comment

You're trying to let perfect get in the way of good

The power is never ever ever going to be spent on anything else, the energy used would be purely hydrocarbons in the atmosphere. This is what is happening for decades. Absolutely zero sentiment and protest has or would change that.

Bitcoin mining has changed that. If that is what makes you think of a solution that nobody else has thought of for decades, just because bitcoin makes your tummy ache, be our guest.

> To me, any renewable power going into bitcoin mining, is contributing nothing

I also think it will be helpful for you to get the terms accurate, this benefit comes from stranded energy, using this energy is more sustainable. This doesn't necessarily mean renewable or clean, it can though. Since we are talking about reducing methane emission, this isn't a renewable or clean source, it just has 90% drop in methane and hydrocarbons going into the atmosphere while stripping them apart in catalytic converters just like cars do. This is good!