Bitcoin

Out of context: Reply #2172

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  • neverscared0

    https://digiconomist.net/bitcoin…

    NEW RELEASE: “The true costs of digital currencies”, noting that “the total Bitcoin carbon footprint exceeds the total GHG emission reductions of electric vehicles (51.9 Mt CO2 in 2020)” and urging for a more comprehensive view in assessing the externalities of cryptocurrencies (June 2021).

    • if it doesnt go up exponnential constant its fucked... the true essence of ponzineverscared
    • i am not in to bitcoin and i think it's daft that we still cant prover carbon emissions but these estimates (hashrate*protocol*a... carbon per twh by country)kingsteven
    • are probably massively off. assuming miners are idiots that run huge rigs and are not sourcing their energy from renewables even though it's cheaper? nokingsteven
    • you could, with the same level of confidence conclude its driving demand for renewables and has potential to harness renewable energy in new locationskingsteven
    • Renewables are already the cheapest! The thing is you can really run a power grid on renewables yet. Bitcoin has nothing to do with driving demand for renewable
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    • So please stop repeating nonsense like that!
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    • The planet is beyond fucked...greed is goodutopian
    • graf, read. i'm only saying that this is only as accurate as other estimates that paint btc in good light such as the 73% renewable claimkingsteven
    • not blaming you kingsteven, I just see that line repeated over and over about bitcoin boosting renewables = false
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    • @ kingsteven - https://arstechnica.…Nairn
    • + https://observers.fr…Nairn
    • + the decade-plus of coal-powered mining across China.Nairn
    • Just tax the shit at 101% when it's cashed out.Nairn
    • I might be a bit slow but people are going to have to stop assuming I know their stupid acronyms and jargon before I start to comprehend any of this.CyBrainX
    • i know all that Nairn, the Iranian farms use hydro (under the assumption there will be excess) thats why they're there. i agree with the sentiment, i just thinkkingsteven
    • they are a worst case scenario based on assumptions due to the lack of data, to create public pressure make the industry prove its emissionskingsteven
    • it's really an oversimplification of the problem - i find stories like the zombie natural gas farm far scarier... hopefully thats just US lunacykingsteven
    • bitcoin is really making a difference.. a difference towards toxic shit destroying the enviroment.neverscared

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