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Because green energy is cheaper than fossil in the long run?
The miner can buy what's available now. They don't have to care where it's coming from. They don't have to invest in the power supply system to make it cheaper in the future - other people are doing that. Besides which, I'm pretty sure if you did a survey of the big miners you would find that a significant number believe the whole green energy and climate change idea is a scam and that the rest just don't care.
And it would add up to a really big figure if BTC ruled the world.
I agree, but isn't that unlikely?
It was the logical conclusion of your argument. But it doesn't matter. The scale of BTC energy use is a problem now.
itsbruce-
The miner can buy what's available now. They don't have to care where it's coming from. They don't have to invest in the power supply system to make it cheaper in the future - other people are doing that. Besides which, I'm pretty sure if you did a survey of the big miners you would find that a significant number believe the whole green energy and climate change idea is a scam and that the rest just don't care.
Show me some numbers and I'll believe you... Right now you're making loads of assumptions. According to ARK, 76% of all miners are using renewable energy. However, that's a biased source. I'm open to information!
It was the logical conclusion of your argument. But it doesn't matter. The scale of BTC energy use is a problem now.
Sure I agree, I believe we would be better off without BTC... But I guess it'll take a while for the world to also believe that.
Heldring
Because green energy is cheaper than fossil in the long run?
Fair, agree.
I agree, but isn't that unlikely? The BTC blockchain is not very efficient for handling such large amounts of transactions. I feel BTC may be able to survive since it was the first, but other 1st and 2nd generation cryptocurrencies will die out if they don't move towards a more sustainable model. I feel we're currently living the 'internet bubble' all over again.