| They cant mine as much as possible. 6.25 bitcoins will be mined every 10min from now till 2024 ish. Due to the variable difficultly there is a cap as to how many miners can mine and remain profitable. If there high energy usage at all it simply means bitcoin has that much value otherwise it would not be worth mining at all. * which refutes the whole bitcoin has no value argument * There is no incentive to move methane from remote locations. The volume would probably not make it physically possible to do, never mind economical. Not to mention waste more fossil fuels ie diesel. And besides you completely overlook remote locations that cant afford infrastructure do to costs and low dense population. Bitcoin would make infrastructure profitable in those cases. Bitcoin is easy to setup one container box plus sat up-ink. Seeing as how this ensures the methane is burnt of and also provides incentive to do so. I fail to see your complaint here. Whats even more insulting is people are using the fact bitcoins is transparent and deterministic to quantify how much energy is uses (which is less then clothes dryers by a factor of 5 BTW) . Meanwhile they are enjoying all their guilty pleasures hiding behind the fact we cant even quantify their energy use. It's just ridicules to think xbox and video cards etc etc have value. But providing banking to the estimated 1.8 billion people without a bank account has no value. We've seen this kinda of thing before. In short it always boils done "we don't see the value". How can a computer widget have value after all. And the precise answer is because it's tethered in the real world . You cant make something from nothing. Ultimately it doesn't matter because you cant stop/attack it. More energy will be wasted then bitcoin uses trying to stop it and still won't succeed. I suggest you conserve your efforts (energy) |
Bitcoin still changes it's value up and down.
My argument was not based in the amount of bitcoins itself. It's still valid. It's a rat race and this doesn't mean Bitcoin is 100% energy efficient.
It's as efficient as the market makes it.
The methan discussion: either it produces enough energy that you can do things with it or it doesn't matter at all
We could force them to have edge mini Datacenters there to render things or do research workload. We could also charge batteries or enforce an energy line. Tons of options and no motivation to do it because profit and easy but useless solution of Bitcoin.
And yes it's less efficient to run Bitcoin instead of just burning it. Bitcoin then still steals critical ASIC/chip production capacity.
The guilty pleasure thing is just a strawman argument. It doesn't make Bitcoin better or worse just because of others. And yes I do totally disagree on GPUs etc not having a value.
I don't mind clarifying how much better gaming is, but it is. The discussion general is valid but at least the energy consumed gives a direct value.
Bitcoin hash finding still doesn't do anything and it also still doesn't solve the trust issue: Bitcoin is not decentralized, tons of miners are under control of few people. El Salvador shows how far away normal people are of even understanding it.
The excuse of 'people without bank account ' you really believe Bitcoin solves such issues? It doesn't. People still need infra to get crypto. We see how it works in Africa with simple phones. Bitcoin is not solving a problem here.
The same dump argument of people in north Korea or Iran: you still need someone exchange your currency and dollar and euro actually do the job. Go to Iran and pay with euro. You will be able to pay with it with zero energy consumption... (I have been to Iran)
We can stop it and it will not be allowed. Why? Because no country has any incentive to allow a parallel existing financial market circumventing anonymous payment system.
You will see how it will fail when a normal user can't loose there money by just buying it on normal platforms. No one cares about Bitcoin. Go out and ask any random people it's already wasting tons of resources while having zero impact.