Quote:
Originally Posted by dyna mo
several reasons.
the logic is dishonest, you can't just take the electrical cost of something and determine if it's good or bad overall. the main article that started this myth takes electrical costs and examines them in a vacuum, not reality, it also fits the electrical costs into a u.s. analogy, that's also wrong.
fact is, btc mining moves to where electrical costs are cheapest, wherever in the world that may be and there are many many places on this planet that produce more electricity than they consume.
and finally, from the 2nd article:
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yes we know. but all these 'myth debunks' focuses on bitcoin alone.. when now there is over 15 different coins with different 'mining operations'.. and now banks are talking about doing their own thing
So, over the next 20 years, what form of energy consumption will there be?