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by Mariehane 896 days ago
While Bitcoin is designed to reward high energy consumption the opposite is true for the fiancial system, since lower energy costs would make the different processing entities earn higher margins.

Thus, the financial system provides much more utility for the energy it consumes than bitcoin does.

1 comments

Bitcoin rewards energy efficiency by design, which is why the vast majority of bitcoin mining uses excess fully renewable energy.
Yeah, like running old coal powered plants to power mining facilities[1].

[1] https://www.theguardian.com/technology/2022/feb/18/bitcoin-m...