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Over 2 percent of the US’s electricity generation now goes to bitcoin
(arstechnica.com)
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this post was submitted on 03 Feb 2024
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Energy use is going up with or without crypto. It is a solvable problem. We just have to have the will. The focus should be on more green power, not restricting those who use it already.
Yeah, but the problem is that the green energy could have gone to powering a hospital or a factory, something actually useful. But instead it’s going to crypto. The hospital and the factory still need power and they are likely to pull it from a fossil fuel source. Essentially ’green’ crypto mining is creating demand for fossil fuels making it not actually green. Also we don’t have the time for our energy transition to be slowed down by crypto. Especially considering how utterly useless it is.
You can make this argument with anything that demands electricity. This is how we generate full stop. Anything else is a distraction that propaganda has placed in your mind.