Re:Bitcoin is Unsustainable?
by prostoalex on Tuesday June 30, 2015 @02:56AM
(#9803421)
There are some markets out there where solar prices turn negative http://www.bloomberg.com/news/articles/2015-05-26/solar-as-f...
Re:Bitcoin is Unsustainable?
by chaostheory on Tuesday June 30, 2015 @02:44AM
(#9803370)
If bitcoin does become even more mainstream, given its energy requirements and the potential strain it may put on existing traditional infrastructures; will solar and other alternative power sources always be more expensive?
There's no economy of scale for solar - just more and more panels, in contrast to more traditional power sources where running one big boiler / set of turbines can be more efficient. So I think solar gets worse off as electricity demand increases.
It would be interesting to see estimates of the cost of those greenhouse gasses, in terms of extinct species, effort to clean up the atmosphere, or other expensive/bad things that can happen when you claim that increasingly using energy in non-efficient ways is just fine. Are these costs higher or lower than the value of the money created?
Perhaps BTC is sustainable, but your argument certainly does not refute the article's claim - at least, until we've already solved our energy & pollution problems.