and if bitcoin wasn’t wasting all that energy, we could be powering actually useful stuff with that renewable energy. It’s not ok that energy is being wasted. It coming from renewable sources does not make wasting it on useless hash calculations is good. That energy could be used elsewhere, for useful work.
How much energy do banks use? Or remittance services like Western Union? Notice how you never see those numbers alongside these headlines. These articles are for clicks and outrage, not for serious discussion and weighing pros vs cons.
Sending transactions from A to B is “useful stuff”.
and if bitcoin wasn’t wasting all that energy, we could be powering actually useful stuff with that renewable energy
If anybody wanted to use that energy its price would go up and bitcoin miners probably wouldn’t buy it as they need the cheapest possible energy to be competitive.
and if bitcoin wasn’t wasting all that energy, we could be powering actually useful stuff with that renewable energy. It’s not ok that energy is being wasted. It coming from renewable sources does not make wasting it on useless hash calculations is good. That energy could be used elsewhere, for useful work.
How much energy do banks use? Or remittance services like Western Union? Notice how you never see those numbers alongside these headlines. These articles are for clicks and outrage, not for serious discussion and weighing pros vs cons.
Sending transactions from A to B is “useful stuff”.
If anybody wanted to use that energy its price would go up and bitcoin miners probably wouldn’t buy it as they need the cheapest possible energy to be competitive.