[px43]

Mining difficulty tends to be a lagging indicator of price, not the other way around. I doubt that a price increase in power would have much affect on the price of the currency itself.

We 100% need massive carbon taxes right now. It's really telling how the energy industry is trying to push blame to consumers, especially cryptocurrency miners, in order to distract from the discussion of real carbon taxes to force polluters to pay for the damage they're causing.

I'm sure I'm one of the largest supporters of cryptocurrency in this thread so far, and I'm perfectly comfortable stating the obvious that mining with fossil fuels is an abomination. It's going to keep happening though until regulators get serious about reigning in the fossil fuel industry.

[paulgb]

Would you support a carbon import tariff for PoW cryptocurrencies mined outside of countries that implement a carbon tax? Because otherwise I can just imagine mining moving to countries without one, as is already happening with regards to other climate-based restrictions.

[Avamander]

They can move, but that undermines confidence of the blockchain because then it's under the influence of fewer governments. Which makes me think that quite a few wont.

[Kbelicius]

Isn't majority of bitcoin mining done in China? If so then we can safely conclude that the people don't care under whose influence it is.

[paulgb]

And even if they do, no miner individually has an incentive to do what’s best for the collective.