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by yieldcrv
1480 days ago
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Yes, I'm familiar with the flowchart and how the goal posts always move to "but I don't like that energy use anyway, so it doesn't matter how wrong I was earlier, surely something else must be able to use that energy". correct me if I'm wrong because its not intended to be a strawman. But, bitcoin mining at flare gas sites disconnected from the grid is a significant source of the amount of energy being used bitcoin mining, and this use reduces pollution and emission over 60%, and it takes away from nothing else. And if there was any vigilance towards proof of work it should be to ensure more of this happens, and less of other sources. because obviously the flaring isn't going to stop, and the proof of work isn't going to stop, so lets focus on the parts you can influence. |
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You are also probably correct that proof of work is unlikely to stop at this point without either massive government intervention or a bubble pop massive enough to entirely dry out bitcoin investors.
Where we seem to disagree is that I think because it is both too much energy usage and frighteningly bad energy usage, at this point I'm in optimistic moments hoping for massive government intervention and cynically hoping for the massive bubble pop. I take no solace whatsoever in how much of that energy wastage is "renewable".
I think we can find much better uses for renewable energy than proof of work. Even if it is just putting that energy to work in giant gravity batteries and whatnot.
Speaking of moving the goal posts: flare gas sites are the exact opposite of renewable energy and I'm very confused why you'd even bring them up if you were trying to make a point that proof of work uses more renewable sources than not.