267
US Government Launches New Attempt to Gather Data on Electricity Usage of Bitcoin Mining
(insideclimatenews.org)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Jul 2024
267 points (98.9% liked)
Technology
59340 readers
1483 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Right, but they're not going to build out in a high electricity cost area, they'll build where energy is cheap, which is often where renewables are abundant.
But like you pointed out, the real issue isn't energy use, but perception of value. Any amount of energy used to do something with no value is wasted.
I see value in specific cryptocurrencies (esp. Monero XMR), but I don't know how to effectively communicate that.
Its hard enough to sell people on using VPNs to protect their internet privacy, trying to convince them to use this fancy thing 'only criminals' use to have financial privacy is definitely going to be harder.
Yup, but the most effective way to explain it is that it's just like cash. Criminals use cash, and criminals use Monero, and largely for the same reasons. For non-criminals like myself, the benefits are:
Or in other words, it works like cash, just digital. Like cash:
Monero is our best option for a digital, non-government issued currency. It's as close as we'll get to digital cash.