How much energy is the wrong question, and hardly anyone has paused to ask why.
Traditional financial industry does not use stranded or otherwise underutilized energy sources. Bitcoin on the other hand.
What if a pacific island created a mining farm on thermal energy that doubled the energy consumption of the bitcoin network. Is that an environmental problem (except maybe the noise in that corner of the pacific..)? No. Does the network compete with other industry for that energy? No.
Christian
npub15v…s2zwv
2023-09-26 08:47:53
in reply to nevent1q…wj24
Author Public Key
npub15vdp04nh35a2c0edqmzjp99pnuzkehrh2lylgh3kxw0gkd8gs4hqas2zwvPublished at
2023-09-26 08:47:53Event JSON
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"pubkey": "a31a17d6778d3aac3f2d06c52094a19f056cdc7757c9f45e36339e8b34e8856e",
"created_at": 1695718073,
"kind": 1,
"tags": [
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[
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"content": "How much energy is the wrong question, and hardly anyone has paused to ask why.\n\nTraditional financial industry does not use stranded or otherwise underutilized energy sources. Bitcoin on the other hand. \n\nWhat if a pacific island created a mining farm on thermal energy that doubled the energy consumption of the bitcoin network. Is that an environmental problem (except maybe the noise in that corner of the pacific..)? No. Does the network compete with other industry for that energy? No. ",
"sig": "4f61baeb2f53584b52348e923c92d44273d2386c9b22a9c69688037d3893181ff5ded042d594cee3baa2c85871067e395b9fed4887b68cb5758db6a33f9011da"
}