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In a NY Times investigation of US crypto mining facilities, they identified 34 operations that together use as much energy as 3 million households. Just shut these fuckers down - useless energy consumption like this is straight-up immoral. (via @marcprecipice) https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html
in reply to kottke.org

could not agree more. What’s worse, this is not just a US problem, this is a world’s problem. This study can be probably replicated in many places.

And if memory serves well, there were some large bitcoin mining places in countries with very cheap electricity… which of course is polluting those countries and making electricity less cheap for their citizens.
in reply to kottke.org

I guess I assumed the crypto crash would have stopped this
in reply to kottke.org

In addition to burning the planet it's also driving up our power bills and delaying scrapping dirty power plants.

Crypto is total trash. The best time to ban it was years ago, the second best time is right now.
in reply to kottke.org

I so very much agree with this. Bitcoin will never be able to be any sort of real currency that everyone uses. It is far too costly in terms of energy consumption and too slow. Crypto is such a joke that humanity played on itself.
in reply to kottke.org

1) Just a reminder that as #AI and #chatbots are taking off, demand for #electricity and other #energy usage will also increase. We should keep this in mind as we discuss advances in #InformationTechnology.

2) As #SenatorWarren pointed out recently, big-money #ransomware #cybercrimes will only use #cryptocurrency for payments.

I don't foresee the politicians, who are in the hands of big-money donors, ending #crypto completely. But at the very least they should find a way to regulate it and bring it under control.
in reply to kottke.org

now if some passing Anarchists felt like something to trash for the Greater Good..
in reply to kottke.org

would be interesting to how much energy Visa takes and how much their carbon footprint is.

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