Green - An environmentalist community

5309 readers

1 users here now

This is the place to discuss environmentalism, preservation, direct action and anything related to it!

RULES:

1- Remember the human

2- Link posts should come from a reputable source

3- All opinions are allowed but discussion must be in good faith

Related communities:

Unofficial Chat rooms:

founded 5 years ago

MODERATORS

[email protected]

Bitcoin Mining Consumes More Energy Than Most Countries in the World (hypebeast.com)

submitted 3 years ago by [email protected] to c/[email protected]

15 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 32 points 1 year ago (8 children)

So each bitcoin represents something of real value - energy - that was destroyed. The work done produced nothing of use, nothing of value. Just a lot of GHG emissions.

[+] [email protected] -21 points 1 year ago (7 children)

Well, if the energy wasn't actually used, or destroyed, then this "connection to the real world" would just be fake.

The work done produced a store of value that cannot be tampered with. If we say Bitcoin produces nothing of use, we should also say banks are doing nothing of value at all. But that is not entirely true. Keeping track of who owns what is an essential part of our society. Doing that, without having to trust a single powerful group of individuals, is of immense value from my perspective.

Besides that, the goal of many "Bitcoiners" is to use energy, that would be lost otherwise. Currently, it is a huge problem of renewable energy sources that the energy output is somewhat constant, but our usage is very much fluctuating (night vs day etc.). Storing energy on its own is very expensive and totally inefficient. Using that energy to power this decentralized record of who owns what is an amazing idea to me.