Bitcoin consumes a lot of energy, but it can used to consume excess energy...
The big knock on bitcoin currently is that it uses a ton of energy and leaves a huge carbon foot print.
While the latter is debatable, the former is not.
Bitcoin does use a lot of energy, but it can be used to soak up stranded, wasted, and excess energy.
Turning a net negative into a positive...
Check this out:
(Source: https://twitter.com/JMellerud/status/1571015888098189312/photo/1)
This graphic shows that bitcoin used less energy in Texas than was wasted in all of last year...
Seems like a pretty good use case for bitcoin to me!
a lot of miner in bitcoin now uses renewable energy because in long they can take more profit.
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Upvoted! Thank you for supporting witness @jswit.
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Great post!
THANKS !
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What an interesting article.
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