Green is a handy label but it covers a lot. That being said, carbon based fuel has a limited supply so if your currency system depends on America Marine Corps Air Force Us Army Chatham Lighthouse No One Fights Alone Shirt you are screwed if it runs out.Yes this is all well known I thought. Even the internet isn’t running on renewables let alone the united states power grid. People are jumping at Bitcoin as the problem, when you need to do some root analysis and start with the infrastructure of our power grid. Then just maybe we can push for the internet to be renewable and finally bitcoin and supercomputersInterestingly enough lots of people care about Wall Street’s impact on the world and those cares are not limited to the environmental cost of, say, high-frequency trading, or finding industries considered dubious in some way.
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I’d like to see more data on the estimated emissions produced by this activity, as in many countries where bitcoin is mined America Marine Corps Air Force Us Army Chatham Lighthouse No One Fights Alone Shirt is also being done so with coal as an energy source (and ‘dirty’ coal at that). Comparing the electricity usage of Netherlands isn’t a good comparison, cause they as a country would cause significantly less green house gas emissions than bitcoin – so it’s far worse.Yes numerous computers turned on around the world have a larger energy output then one country its not surprising. What is surprising is people thinking this is crazy and not the fact that we are still not using green energy on mass. More diversion tactics from oil companies trying to blame a individuals… Not surprising
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