[avianlyric]

Please don’t overestimate the importance of crypto in this world. Crypto investments in renewables are, at best, a rounding error. The ROI from them certainly won’t offset the very real harm being done by all the additional fossil plants being brought online to deal with the increased demand they create.

[cortic]

Fossil fuels being used to fill demand of any sort is its own problem. We need global carbon taxes on a Montreal Protocol level to incentivize any excess demand (investment) to target renewables. -But with this, crypto would be a great boost to renewable technology, guaranteeing a minimum return for business investing in Research and Development.

[avianlyric]

Please defend this behaviour

https://arstechnica.com/tech-policy/2021/09/old-coal-plant-i...

Its not unique either. There’s a company in the U.K. that bought an old coal plant, to convert to gas operators, to provide power solely for a crypto mining operation.

Simple fact of the matter is that it currently cheaper and easier for miners to use fossil fuels, then build renewables. Which is exactly what they’re doing.