stopBurncoins
We have whole criminal families and such, "cosa nostra", "'ndrangeta" and many more:
https://en.wikipedia.org/wiki/Organized_crime_in_Italy
Unfortunately they are all very much still alive, and I am pretty sure a lot of those are older than Italy
How is it possible to frame those systems as green?
It's power that goes away to computation
It's hard disks that nobody uses and that sit there, eating power
All those things have not only the energy cost, but also the environmental, production costs associated, and the damage done to countless companies that can't get the hardware anymore
So you think that cities will just put up with the increasing power outages, until the miners will give up in that region? That the normal public won't form a mob asking for more power in the night, which will attract more miners, thus making the whole point moot?
That looks like a weird gamble to make
> Bitcoin mining is a fixed quantity: so the more mining done using renewable energy, the less will be done with coal power (so when SamBam mocked this paper by saying "If we double the amount of electricity used on the planet, people will need to spend more on solar panels!" He completely didn't understand the zero sum aspect of bitcoin mining).
no, bitcoin has a fixed max of coin, but we already are at the point where the only limit is how to get the hardware to mine. There is no limit on mining.
Sure, it will shift more towards cheap power. But that needs to be also continuous. So bitcoin will drive the adoption of more continuous power, because if you do not do it, cities power will be a collateral damage more and more often.
> In fact, this has a more pronounced effect because players in the market who aren't as efficient can see their margins decrease below the point of profitablity. Since otherwise wasted electricity is cheapest, more and more bitcoin mining will be done using it, which means less and less will be done using usable electricity.
All this talk about using "waste" electricity is only relevant if your system never goes above max usage, thus causing power outages. That is already not true, and it's not like the power companies allocate only the "waste" electricity to bitcoin. Nobody stops mining when the power plant is near capacity. You just generate more pressure to add more power plants that give continuous power (so: not solar).
We have "waste" electricity because the system is designed to handle peaks and other plants going down.
Mining is eating away all the safety margin on the system. the more there is, the more it will eat
Why can't we stop pretending it is not just an unregulated investment? It's good at that. Market it as such and stop portraying it as anything else.
And we can say "it will be banned in 1-2 years, you have the time to change the underlying tech.
With those premises the value will not change much, and the global advantages are big.
Yep, a total of < 1$, on an single, unknown and not even traded, but old coin (which I won't even mention) that is not going anywhere. Basically for fun.