Do you understand that reopening a coal power plant to mine Bitcoin actively directly worsens climate change but reopening a hydro or solar power plant to mine Bitcoin does fuck-all to fix it
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Bluntly, the creation of ANY power plant -- windmills, solar panels, nuclear, whatever -- is an environmental disaster and it's only a matter of degrees We cannot get anywhere unless we slow down or stop the growth of demand And with Bitcoin that's mathematically impossible
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The power consumption of the grid HAS TO scale with the size of the economy Burning those terawatts into waste heat is the only way to keep the system honest or it all collapses It locks us into the global energy demand crisis being eternally unsolvable
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even if we had nuclear fusion ready to go (which it’s not) and installed everywhere in the world, the heat generated by cryptocurrency mining is going to massively contribute to pollution especially if corporations like microsoft keep trying to put data centers underwater
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Yeah this is a basic and fundamental problem with the indefinite-growth model of capitalism that everyone assumes is inescapable If we need an exponentially-growing economy to survive, and that economy has an exponentially-growing energy demand, the waste heat keeps going up
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