For more articles on Bitcoin and Energy Consumption, see the Yes, Bitcoin is a Ponzi page [1] collecting many articles over the years on the gigantic CO2 and electronic waste environmental disaster. [1] https://github.com/openblockchains/bitcoin-ponzi
In many places Bitcoin is mined electricity is co2 free.
Generally, there are no reasons why electricity needs to emit co2: nuclear power plants can produce enough electricity to power all bitcoins in the world.
> electronic waste environmental disaster
As well as any other consumption. Bought a new car while old one if still running? You damaged the environment.
To reduce the damage to the environment, garbage tax can be introduced, so market can decide what’s more important and less damaging, bitcoins or a new PlayStation.
Bitcoins might be useless, but don’t blame it for all the problems in the world.
No, electricity cannot be efficiently transferred over large distances or where there are no power lines with enough capacity. In certain places unused electricity is just lost.
If you are generating electricity in places where it cannot be used then you are causing needless damage to the environment and you should certainly stop doing that.
The idea that the majority of the energy used for bitcoin is generated in such places has no real basis in fact.
In many places Bitcoin is mined electricity is co2 free.
Generally, there are no reasons why electricity needs to emit co2: nuclear power plants can produce enough electricity to power all bitcoins in the world.
> electronic waste environmental disaster
As well as any other consumption. Bought a new car while old one if still running? You damaged the environment.
To reduce the damage to the environment, garbage tax can be introduced, so market can decide what’s more important and less damaging, bitcoins or a new PlayStation.
Bitcoins might be useless, but don’t blame it for all the problems in the world.