Re:FTX’s balance sheet was bad
by startupsfail on Tuesday November 15, 2022 @12:23PM
(#33612182)
Manufacturing these rigs and building infrastructure also results in CO2 emissions.
Why not simply prohibit proof-of-work coins and be done with it? There are so many disadvantages and no benefits, it seems.
I'm not mining, I'm heating my winter swimming pool with this ASIC based heating elements!
Tax any externalities and let the problem solve itself. Yes, you might end up with some heated sidewalks or other conspicuous consumption, but at least you end up with resources that can counter the problem.