this post was submitted on 13 Nov 2024
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You're going to be shocked to learn that using energy doesn't harm the environment, and Bitcoin doesn't require coal.
And guess what, yes, renewable energy is generally cheaper than fossil fuels.
That means you are incentivized to not only use renewable energy to mine Bitcoin, but to further invest in improving renewable energy sources.
Energy consumption is energy consumption. While you might be connected to a grid where renewable sources are accessible, you are still straining a grid which could cover for an area which uses less clean energy sources.
But it's not like every mining rig is connected to a source of renewable energy. It's untraceable, which is part of the concept behind bitcoin. It should be obvious that a decentralized, untraceable, energy intensive cryptocurrency is not somehow controlled to be driven primarily by green sources.
Why the fuck are you blaming Bitcoin then. It's a bullshit narrative.
Bitcoin incentivizes using the cheapest energy. People dont just mine Bitcoin in their basements anymore. They create large farms for it. They hook up to geothermal vents in volcanos. https://cointelegraph.com/news/el-salvador-mines-bitcoin-volcanic-energy
In fact there's a lot of energy that goes to waste because there is simply nothing to do with it. Now there is.