If the goal is to accelerate the transition away from fossil fuels and toward a clean energy future based on renewable energy, then Bitcoin mining helps us get there faster.
This is due to its unique property to act as a buyer of last resort for stranded or intermittent energy supplies. Bitcoin subsidizes green energy. Ban Bitcoin mining and we get less renewable energy capacity built.
This is due to its unique property to act as a buyer of last resort for stranded or intermittent energy supplies. Bitcoin subsidizes green energy. Ban Bitcoin mining and we get less renewable energy capacity built.
Why should Bitcoin mining be banned?