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by tossl568
1323 days ago
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"ANY consumption is bad" You really aren't getting this are you. Energy in place A can't be magically transported to place B where it's needed for what you bless as acceptable usage. Bicoin miners aren't using grid energy. They're using energy that CAN'T be connected to a grid. Bitcoin is a fantastic use of energy regardless, just because YOU don't need to use it or think so doesn't make that the case. |
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1. People mine Bitcoin on the grid.
2. Some miners - mostly China, which is no longer mining - buy decommissioned power plants and mine "off the grid".
... But, surprise surprise, these decommissioned power plants were previously used. People generally do not invest in building power plants that cannot connect to the grid, as the power plant needs to make money. While it never became a thing in the US, energy trade is a big thing in the rest of the world - see e.g. the European Energy Exchange.
The people that tripped over a hydroplant that was built only to power e.g. a remote factory that has shut down and nothing else, account for a very, very, VERY small amount of miners.
Considering that Bitcoin mining consumes TWh in the scale of a small country, those few fairy tale cases just don't matter. It's a cute way to try to justify the environmental disaster Bitcoin mining is, just too bad it doesn't hold.