TheBigShort
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It doesn't mean that there isn't a more productive use of the energy rather than having massive computers attempt to mine bitcoin....
Outside of energy used to deliver the necessities of day-to-day living, you could argue that point about practically everything.
Eh???? Just because it is renewable doesn't mean it is free to produce
I never said it would be free to produce. Clearly I said Bitcoin mining could put the infrastructure that harnesses and delivers the energy under pressure.
It doesn't mean there isn't an environmental cost to having to build wind farms and hydro electric facilities.
True, building wind farms and hydro electric facilities may be an eye-sore, or perhaps disturb the local wildlife, or introduce some other costs. But if it can deliver energy in cleanly, and is renewable, I'm guessing the benefits to the environment will outweigh the 'costs'.
But don't take my word for it, ask the scientists, engineers, environmentalists, investors, governments etc who are pushing this stuff.