> It currently uses .1% of global energy
ie. about between 300 and a million times more energy than VISA/Mastercard when adjusted to the number of transactions. [0]
> It makes use of stranded energy
Miners who mine 24/7, by definition, do not consume stranded energy. There are no numbers whatsoever that can affirm which part of the miners use stranded energy. On the other hand, when one coal mine got flooded in China last year, 33% of the mining power came to a halt. [1]
> off peak energy stabilizing grid production
So much stabilizing it has caused blackouts in several countries [2]. Texas has resorted to pay miners so they don't cause blackouts [3]
> incentivizes green energy build outs
No, it incentivizes cheap electricity sources. Moreover in the topic of climate change the greenest energy is the one you don't consume.
> with the landfill methane caputure business will soon be the only digital asset that is carbon negative
What? Landfill methane business is basically saying "instead of just burning methane, let's burn it and use the heat to power up some BTC mining". At best, that makes the operation carbon neutral.
If you are trolling, I must say, congrats, you triggered me.
[0] https://digiconomist.net/bitcoin-energy-consumption
[1] https://fortune.com/2021/04/20/bitcoin-mining-coal-china-env...
[2] https://www.bloomberg.com/news/articles/2022-01-25/kazakhsta..., https://www.bbc.com/news/world-europe-59879760, https://www.cnbc.com/2021/05/26/iran-bans-bitcoin-mining-as-...
[3] https://fortune.com/2022/07/12/texas-bitcoin-miners-paid-shu...
ie. about between 300 and a million times more energy than VISA/Mastercard when adjusted to the number of transactions. [0]
> It makes use of stranded energy
Miners who mine 24/7, by definition, do not consume stranded energy. There are no numbers whatsoever that can affirm which part of the miners use stranded energy. On the other hand, when one coal mine got flooded in China last year, 33% of the mining power came to a halt. [1]
> off peak energy stabilizing grid production
So much stabilizing it has caused blackouts in several countries [2]. Texas has resorted to pay miners so they don't cause blackouts [3]
> incentivizes green energy build outs
No, it incentivizes cheap electricity sources. Moreover in the topic of climate change the greenest energy is the one you don't consume.
> with the landfill methane caputure business will soon be the only digital asset that is carbon negative
What? Landfill methane business is basically saying "instead of just burning methane, let's burn it and use the heat to power up some BTC mining". At best, that makes the operation carbon neutral.
If you are trolling, I must say, congrats, you triggered me.
[0] https://digiconomist.net/bitcoin-energy-consumption [1] https://fortune.com/2021/04/20/bitcoin-mining-coal-china-env... [2] https://www.bloomberg.com/news/articles/2022-01-25/kazakhsta..., https://www.bbc.com/news/world-europe-59879760, https://www.cnbc.com/2021/05/26/iran-bans-bitcoin-mining-as-... [3] https://fortune.com/2022/07/12/texas-bitcoin-miners-paid-shu...