[DonHopkins]

Wrong. Stop making false excuses and rationalizations and shilling for Bitcoin's Proof of Waste. Bitcoin is China's way of exporting coal through the atmosphere. Bitcoin shills also produce huge quantities of hot air and CO2 by endlessly repeating false claims like "Bitcoin doesn't run on coal".

Why you’re paying Bitcoin’s energy bill:

https://review.chicagobooth.edu/finance/2021/article/why-you...

>The vast computing power needed to create new bitcoins has driven up energy bills for residents and businesses

>Millions of people who have neither mined nor traded a bitcoin are nevertheless paying for bitcoins to exist. That’s because the vast computing power needed to create new bitcoins consumes enormous amounts of electricity and has driven up energy bills for residents and businesses, according to University of California at Berkeley’s Matteo Benetton and Adair Morse and Chicago Booth’s Giovanni Compiani.

HN Discussion:

https://news.ycombinator.com/item?id=28863445