The big question is, why aren't more people happy about this? I mean, burning fossil fuels is good for the world. It puts more CO2 into the atmosphere so that plants have food and grow better. More electric plants can be built, making more jobs available. Sounds like a win-win Bitcoin mining operation.
Bitcoin mining eletricity costs is about securing the network against continental scale attacks.
You cannot make a 51% attack without consuming electricity on a continental scale. This is the level of security that a decentralized global currency needs.
Nothing to do with CO2 or plants or the environment. I hope some day we have some cleaner energy, like solar or wind, but that is not the reality now and bitcoin can do nothing about it.
Then we need to build more coal and oil fired generators on a continental scale. Miners could use their mined bitcoins to set this up. Bitcoin could become a secondary source of income for them. They could provide electricity to the world... and to their mining, of course.
The big question is, why aren't more people happy about this? I mean, burning fossil fuels is good for the world. It puts more CO2 into the atmosphere so that plants have food and grow better. More electric plants can be built, making more jobs available. Sounds like a win-win Bitcoin mining operation.
You really think that there is enough trees and algae to absorb all the CO2 in the atmosphere? CO2 is not the only byproduct of burning fossil fuels, there are Greenhouse gases present too and I don't think you know that it is bad for the ozone. It doesn't need a lot of manpower to operate a bitcoin mine so your argument on having more jobs available is not valid, try again. The only way that we can't get any environmental problem with bitcoin mining is when we put the mines closer to power source to cut costs like building it together with a hydro powerplant or a nuclear powerplant.
Think of the rise in the price of Bitcoin if the miners had to build their own electric power companies.
If they were to rise the prices to get back their investment in their own electric power, I think that it is fair that the prices increases.
The more CO2, the more plants will grow. More and cheaper food so that we can have bigger populations. Think of not having to worry any longer if your contraceptive is working this time.
Along with the CO2 produced is the production of water. If cars ran clean, they would produce two basic things, CO2 and water. Water in the atmosphere - especially the upper atmosphere - would help the ozone do its job better.
Jobs would be for the electricity producing plants. But if there was more cheaper electricity, wouldn't the miners add more mining machines?
A fossil fuel power plant can be moved anywhere. You can ship fossil fuels anywhere. But it isn't easy to redirect the course of a river, and certainly not a nuclear plant.
The big question is, why aren't more people happy about this? I mean, burning fossil fuels is good for the world. It puts more CO2 into the atmosphere so that plants have food and grow better. More electric plants can be built, making more jobs available. Sounds like a win-win Bitcoin mining operation.
Think of the rise in the price of Bitcoin if the miners had to build their own electric power companies.
Bitcoin is futuristic and it needs innovative solutions for energy consumption. Solar, wind and the renewable energy source is the solution and must be accomplished soon.
Solar and wind is BS. Look at what happened to Texas. If they had had fossil fuels as a backup, and if the windmills had been designed properly, they might have made it through the recent storm without any loss of life. Fossil fuels are the answer. All the hype about wind and solar is big business trying to make money off the people.
The big question is, why aren't more people happy about this? I mean, burning fossil fuels is good for the world. It puts more CO2 into the atmosphere so that plants have food and grow better. More electric plants can be built, making more jobs available. Sounds like a win-win Bitcoin mining operation.
That's oversimplifying things, which is terribly dangerous. Such comment is an unfortunate sign of some people's extreme lack of awareness. One time, a major dam in my country released water. People nearby were complaining. You are like asking, "why aren't more people happy about this?" They'll have water to drink, take a bath, clean their clothes, wash their cars, and so forth. Well, a number of them were killed moments later. Try to figure out the similarities.
A dam breaking isn't anything like a gradual increase in fossil fuel power plant numbers. Miners have a good start at having enough Bitcoin money to build power plants and make money in two areas.
