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by arghwhat
1325 days ago
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Yeah you aren't getting it. 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. |
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