Study reveals Cryptocurrency mining energy consumption in China alone will be higher than Italy in three years
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Ryu5uzaku
Fox2232
Mineria
schmidtbag
Alessio1989
just ban this fucking cryptoshit that is used to evade taxes and end of show.
EspHack
it seems obvious anyone parroting this bs about crypto = bad for environment doesnt care much about details or truth
anyway, if you're confused/concerned and want some answers, here's some
1- common sense; crypto rewards efficiency, no one is burning coal to mine(usually), that would be unprofitable, most miners literally build their "farms" next to renewable sources like hydro, and mostly buy their unused capacity which is even cheaper, which would be wasted energy otherwise, and so mining ends up helping further hydro expansion, but it can happen(like now) that crypto prices soar and that'll temporarily get everyone and their dog into mining as long as there's half a dime in profits, be it on nuclear or steam power, but thats not what happens most of the time when btc is "crashed" and out of the news
2- "but it uses more energy than argentina!" yes, so do all xboxes worldwide, or all ceiling fans worldwide, so what?
3- "its ultimately a waste of energy!" I agree, but who am I or anyone to tell what is and isnt a waste of anything? nobody has the moral authority to tell you that what you do is a waste, going by that logic we will end up shouting at the sun for throwing all that fusion power to the void
but if you simply look at china's total energy graphs, see that its like 70% burning crap, and that 80% of mining happens on china, the easy conclusion is what you see in such "studies", cheap/lazy/hysteric stuff is a hell of a juicy combo for the vicious cycle of ignorance that most of the population lives on
Fox2232
TieSKey
Noisiv
TieSKey
Kaarme
Noisiv
https://abload.de/img/file-20191004-52804-alikk7.jpg
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You are repeatedly alleging that Chinese are cheating emissions by using their developing country status.
A completely bogus accusation because:
Paris agreement makes no distinction between developed and developing countries. They can't use their developing nation status because Paris Agreement does not even work like that. Everyone simply set its own targets.
If China was cheating by using its developing country status then how does your accusation make one iota of sense? In such imaginary Universe shouldn't they be able to spew more CO2 than say Finland or USA? Yet according to you they are cheating by spewing LESS than developed countries! LIKE WTF... IM OUT
Yes, agreed. Only absolute matters. You are absolutely spewing more than the average Chinese.
What are you saying? That per capita is a bad metrics? That ppl living in smaller states should be able to spew more?
Of course that if you gather more people, they will spew more - I can't even begin to understand your argument.
I should look at the graph - you look at the graph. China reached your 1940 output 50 years later. Their CO2 output is nonexistent pre 1950.
You think you had it bad? You don't need to know anything about Chinese history. Just look at the graph and you'll figure it out. I don't even go into how you're conveniently disregarding past emissions, and how much you were spewing before Chinese started to do so. But hey - bad Chinese!
Because you are confusing Trump's WTO accusation with supposed Chinese emission targets avoidance.
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rl66
gx-x
@Noisiv You mean, Trump that called "nice clean American coal" is good, is calling someone a cheater?!
LIKE WTF... IM OUT
rl66
lol yes.
Also China is "diabolic" only in front of the media...
Due to the fact that, exept USA, China own the most quantity of $ in the world.
sadly for us or hopefully for them we gave them technology to build, now they push and developed this technology.
It's not the Black listing of those company that will make them a stepback... They have the money (real and crypto), the technology and the factory.
A good exemple of how they proceed... Hisence.
tsunami231
all kneel to your new overlords atlest till the Earth say enough.
gx-x
Earth is not racist, neither are extinction level events. China doesn't sit on supervolcano, US does. Talking about "earth having enough"... 😉
Fox2232
The Laughing Ma
tailspin
Someone should run the numbers on the carbon footprint of legacy banks world wide, include IMF and federal reserves. Pretty Shure HSBC, JPMorgan, Chase, Barlays, Commonwealth, ANZ etc use more electric than bitcoin miners. Article sounds like fud.