this post was submitted on 15 Jul 2024
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US Government Launches New Attempt to Gather Data on Electricity Usage of Bitcoin Mining (insideclimatenews.org)
submitted 4 months ago by jeffw@lemmy.world to c/technology@lemmy.world
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[โ€“] sugar_in_your_tea@sh.itjust.works 0 points 4 months ago (1 children)

Right, but they're not going to build out in a high electricity cost area, they'll build where energy is cheap, which is often where renewables are abundant.

But like you pointed out, the real issue isn't energy use, but perception of value. Any amount of energy used to do something with no value is wasted.

I see value in specific cryptocurrencies (esp. Monero XMR), but I don't know how to effectively communicate that.

[โ€“] NotMyOldRedditName@lemmy.world 0 points 4 months ago

esp. Monero XMR

Its hard enough to sell people on using VPNs to protect their internet privacy, trying to convince them to use this fancy thing 'only criminals' use to have financial privacy is definitely going to be harder.