A friend of mine escaped the Myanmar coup via bitcoin, so I don't think it's a purely zero-value enterprise. I agree, and there are many economists who also agree, that there is a strong odor of "tulips". But that's literally been the line from the haters for over a decade.
That said, I was laughing off environmental concerns over it until I read that, electrically, it's effectively a 'ghost state' in the US.
That said, I was laughing off environmental concerns over it until I read that, electrically, it's effectively a 'ghost state' in the US.
https://www.eia.gov/todayinenergy/detail.php?id=61364