Cryptocurrencies need to get their shit together. It consumes 0.5% of the world's energy today, and consumes 20% more month over month. May 2018: 1/200. Dec 2020: 200/200. Cryptocurrencies need to be banned today. Not tomorrow. Not in a year. Today.https://grist.org/article/bitcoins-energy-use-got-studied-and-you-libertarian-nerds-look-even-worse-than-usual/amp …
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According to your logic: if the coal plant is producing cheap energy, won't demand be centralized around it too? 5% is an initial number. With a 20% increase of waste, month over month, that number is bound to go up.
Also: 5% of something disgusting is still something disgusting. Glorified brute force attacks on hashes is not worth any of this, no matter how good the marketing machine behind it runs.