[strken]

At the end of the day, most crypto has a built in way to turn fossil fuels into significantly less money than you paid for them, so it doesn't even apply to the US unless they've started requiring KYC for ASICs and GPUs.

I am not convinced this carbon-intensive form of money laundering is a good thing, but it certainly exists.

[gchamonlive]

Would it be ok if it all ran on wind or solar?

EDIT: went looking for data and it's estimated that ~63% [1] of power used in bitcoin proof-of-work operations. I honestly thought this figure would be higher, but with the insane campaign the American government is doing to invest and expand on drill operations this could go up in the short term. Long term though it's unlikely that this will keep up and we should see renewable sources gaining space more and more, just because it's the smart thing to do.

[1] https://batcoinz.com/bitcoin-by-energy-source/

[jcfrei]

Outdated view since 99.9% of transactions happen on proof of stake systems which have a very low carbon footprint - not much more than Visa or Mastercard.

[strken]

Okay; so what? Go mine one of the POW coins and buy what you actually want on an unregulated exchange. You're still burning fossil fuels to get it.

My general point is that you can exchange money for energy and energy for crypto, and nobody can really stop you if you're doing it at a small enough scale. Siphon the fuel from your car and run a generator, pretend you're charging your EV, whatever.

[yapyap]

well no since btc is pow

[mhluongo]

Most stablecoin volume isn't cleared in the Bitcoin network.