Digging through tons of garbage could be considered "Proof of Work"!
Wouldn't it be nice if the Bitcoin shills could figure out a way of proving they worked to clean up the environment, instead of destroying it.
Wouldn't it be nice if the Bitcoin shills could figure out a way of proving they worked to clean up the environment, instead of destroying it.
One just has to be willing to look at the facts rather than repeating environmentalist characterizations of bitcoin technology as bad.
Would be cool though if a day with little wind would make for a perfect time to do a 50% attack.
https://oilmanmagazine.com/how-and-why-natural-gas-flaring-i...
https://www.reuters.com/business/sustainable-business/oil-dr...
Part of the key is that when there's an increase in power demand in a grid, they usually have to use more expensive sources of power, but if they can temporarily shut off their bitcoin mining to meet demand spikes, they can more efficiently manage their network load.
https://www.coindesk.com/policy/2021/10/11/bitcoin-mining-is...
https://www.cnbc.com/2021/12/04/bitcoin-miners-say-theyre-fi...
https://bitcoinmagazine.com/business/bitcoin-mining-fits-tex...
I don't know a lot about energy grids, and would love to hear from someone who does, but it sounds like bitcoin is a new technology that could provide incredible efficiencies to electricity grids' ability to balance their loads and supply consumers with greener energy overall.
Or they can do anything else more useful with the excess energy, like store it ( fill batteries, pumped up hydro, hydrogen, etc.), power energy intensive processes, etc. Or, with flexible power plants, lower production temporarily when it's not needed.
Bitcoin literally brings nothing besides a way to waste electricity, but there are many other ways to do that.
If you want to suggest that others be "willing to look at the facts" then please look at the facts yourself, instead of claiming they exist and then disavowing with "don't know a lot" when people actually look into them.