interesting how the greenies don’t say boo turkey about the incredibly colossal waste of energy that goes into so-called crypto “mining”, but want us to kill our pets, eat nothing but gruel, and use no machines powered by petroleum or NG ...
An enormously larger amount of energy is spent keeping the lights on at the legacy banking institutions, and compared to banking peers the mining community is actually more likely to use high efficiency renewables like geothermal to power their enterprises.
It is important to remember it isn’t a ‘waste’ to maintain a currency that the government cannot abrogate by force, or print at their whim and thereby devalue.
US dollars will continue to decline in value relative to Bitcoin because the U.S. monetary authorities will never stop inflating the currency to buy votes with dollars they refuse to tax.
About 70% of crypto mining happens in areas with surplus energy (like hydro) where it consumes power during the hours when people aren’t using it.
The whole “crypto mining isn’t clean” is a canard.
I’ve never understood why bit-coin mining is a thing. They’re paying someone for doing something totally non-productive. And it doesn’t cost the guy paying them a single penny.