It is the cost of securing the network. It is intentional as if it was low power and easy to mine, 1 person or organization could take over the network and thus it would loose its decentralization. Nothing wrong with using power as long as it is green. No one is complaining about how much energy social media uses, or electric cars, or the fiat banking systems or all the lights left on etc etc. Power usage is not the issue here, it is power generation. You best believe that big money is spinning Bitcoin as negative as possible as it is a threat to their establishment. Don’t be a sucker for the BS.
It still a problem if it’s using green power as it’s preventing that green power from replacing fossil fuels in more useful and essential parts of the economy. Therefore essentially increasing demand for fossil fuels. Additionally by increasing the nations total energy use it’s making the task of decarbonising energy just that little bit harder.
Energy use is going up with or without crypto. It is a solvable problem. We just have to have the will. The focus should be on more green power, not restricting those who use it already.
Yeah, but the problem is that the green energy could have gone to powering a hospital or a factory, something actually useful. But instead it’s going to crypto. The hospital and the factory still need power and they are likely to pull it from a fossil fuel source. Essentially ’green’ crypto mining is creating demand for fossil fuels making it not actually green. Also we don’t have the time for our energy transition to be slowed down by crypto. Especially considering how utterly useless it is.
You can make this argument with anything that demands electricity. This is how we generate full stop. Anything else is a distraction that propaganda has placed in your mind.
It is the cost of securing the network. It is intentional as if it was low power and easy to mine, 1 person or organization could take over the network and thus it would loose its decentralization. Nothing wrong with using power as long as it is green. No one is complaining about how much energy social media uses, or electric cars, or the fiat banking systems or all the lights left on etc etc. Power usage is not the issue here, it is power generation. You best believe that big money is spinning Bitcoin as negative as possible as it is a threat to their establishment. Don’t be a sucker for the BS.
It still a problem if it’s using green power as it’s preventing that green power from replacing fossil fuels in more useful and essential parts of the economy. Therefore essentially increasing demand for fossil fuels. Additionally by increasing the nations total energy use it’s making the task of decarbonising energy just that little bit harder.
Energy use is going up with or without crypto. It is a solvable problem. We just have to have the will. The focus should be on more green power, not restricting those who use it already.
Yeah, but the problem is that the green energy could have gone to powering a hospital or a factory, something actually useful. But instead it’s going to crypto. The hospital and the factory still need power and they are likely to pull it from a fossil fuel source. Essentially ’green’ crypto mining is creating demand for fossil fuels making it not actually green. Also we don’t have the time for our energy transition to be slowed down by crypto. Especially considering how utterly useless it is.
You can make this argument with anything that demands electricity. This is how we generate full stop. Anything else is a distraction that propaganda has placed in your mind.