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Bitcoin’s record-high price means its energy use is soaring again – just as world leaders try (lulz) to tackle climate change at COP26

Bitcoin’s record-high price means its energy use is soaring again – just as world leaders try (lulz) to tackle climate change at COP26



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8 Comments

  1. Bitcoin’s energy using is literally a rounding error. Like 0.05% of global energy use.

    If you want to fix the world’s energy problems, tell the US military complex to give it a rest…

  2. tldr; A higher bitcoin price means more people want to ‘mine’ it – and that means more computers guzzling electricity.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. people are so fucking lazy with their thinking.

    put yourself in a miner’s shoes. your capital costs like renting warehouse space and buying miners are fixed. your only variable cost is energy.

    so obviously you’re going to find the cheapest source of energy which are: stranded/wasted energy and renewables.

    so bitcoin’s energy usage isn’t a problem because it’s not using expensive fossil fuels – and if it is, it’s stranded/wasted energy like flared natural gas or decommissioned energy plants that are just wasting away unused anyways.

What do you think?

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