[derangedHorse]

> they also make their place they live and the rest of the planet a tiny bit worse due to the energy consumption

Energy consumption isn't the problem. It's how the energy is generated that is relevant to planetary health, and even then, whose to say the tradeoff isn't worth it. Crypto mining is estimated to take up 3% at most which means 97% is spent on other things. What makes this other 97% more worthy of this energy than crypto mining? The fact you don't see it as valuable?

Also many mining operations take advantage of stranded energy, so energy that would go to waste if not used for on-site mining.

[skybrian]

But switching from Bitcoin to something based on proof of work is always going to use less energy. Bitcoin was innovative when it was invented, but now it’s antique, inefficient tech that’s still being used because apparently fame overwhelms all technological considerations.

[blenklo]

There is no stranded energy.

Stranded energy is basically energy which should be used but its commercially a lot more efficient to do energy abitrage with a global finance market with a local energy market.

Thats the biggest shit of bitcoin ever.

And no 3% for provoding gambling and only a small amount of money value is a bad joke. 3% is not nothing.

We increased the climate change rate per decade from 0.2 to 0.4 due to the amount of co2. Everything hurts us here.

Bitcoin is responsible for a gas powerp lant in NYC being turned on again. It only mines bitcoins now. It creates just heat and co2.

Bitcoin is responsible for power stealing across the planet.

[derangedHorse]

> Stranded energy is basically energy which should be used but its commercially a lot more efficient to do energy abitrage with a global finance market with a local energy market.

Incorrect. Stranded energy is energy that can’t be used and is wasted instead.

> And no 3% for provoding gambling and only a small amount of money value is a bad joke.

Thinking it only provides gambling is an opinion. One I disagree with.

> Bitcoin is responsible for a gas powerp lant in NYC being turned on again. It only mines bitcoins now. It creates just heat and co2.

Just like many things in life, Bitcoin the protocol is not responsible but the participants in the system. Regardless I don’t see a power plant being turned on as inherently a bad thing.

You don’t see it as worth it but the people who pay for it do. Who are you to decide what an entity chooses to legally utilize their power for?