[kevinak]

I don't believe it's saying either. It's saying that the trend is towards net zero emission and that this will happen by the end of 2024. After that I would assume we go into the negatives and improve the current situation.

"Based on the estimated average growth rate of bitcoin mining operators using vented methane of 6.9 MW/month, the Bitcoin network will become Carbon Negative in Dec ’24."

[ipython]

So… we will solve global warming by running a network of computers with custom ASICs at 100% utilization, cooling them as necessary, performing useless computation, so a cabal of technobros can move imaginary internet money around 10 times per second?

Oh and increasing the power usage of this fire pile will, as you say, “improve the current situation”?

Your point is that the only way we can avoid burning methane is to use that to power bitcoin mining rigs???

[kevinak]

No, I've never claimed that. Regardless of what you think about Bitcoin, if it's useless or not, don't you agree that net negative is better than zero?

Burning methane (flaring) is most definitely an improvement over not doing it. That's just a fact. It accounts for about 20% of global emissions and is 25 times as potent as CO2. https://www.epa.gov/gmi/importance-methane

You would use Bitcoin mining as a monetary incentive to flare methane. You could do other things but it requires more infrastructure investment and might not even be possible in certain locations that are far from where the electricity would be used.

[ipython]

I would agree that not performing useless computations is better than performing useless computations. If monetary incentives are all we need, then just use tax incentives to do so. That seems much easier than shipping mining rigs and the corresponding cooling to locations apparently too far from civilization to produce energy for anything useful.

[kevinak]

A tax would result in a cost for the business.

Bitcoin mining results in a profit.

Why would you pick the first one?

Transporting miners is not the hard part, you just keep them in containers. What is hard is building the necessary stuff to actually flare the gas properly.

[ipython]

A tax incentive, as in an offset on their costs.

[kevinak]

Sure, so we just move the cost to someone else effectively? Seems unfair and unnecessary when they can just mine bitcoin instead.