US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • filister@lemmy.worldEnglish
    9813·
    10 months ago

    What a huge waste in times where we have global warming and urgently need to cut our carbon footprint a bunch of greedy people are living like there is no tomorrow.

    • GluWu@lemm.eeEnglish
      1295·
      10 months ago

      Yes, good, blame the poor, make them feel responsible. Forget corporations, forget who is actually burning the earth down. The earth is going to die because YOU drove a gas car, used bitcoin, and don’t like paper straws.

      • NateNate60@lemmy.worldEnglish
        672·
        10 months ago

        Bitcoin mining is a multi-billion-dollar business. The block reward along is 900 BTC = 38.7 million USD a day (at 43,000 USD per BTC as of writing), shared between half a dozen big mining pools. Bitcoin mining equipment costs thousands of dollars.

        Mining bitcoin is solely a game for men with means.

        • GluWu@lemm.eeEnglish
          742·
          10 months ago

          Lol, $40 million USD. The actually rich people, the people standing up there laughing at all of us, are moving $40m themselves as pocket change. Zuckerberg just got $700M. They blocked Elon from getting $56000M. The 1% are laughing at the 99% and I’m starting to as well.

          2pixdtk_cby-0-760122168

            • GiveMemesEnglish
              2·
              9 months ago

              Spread across all the individual miners…

          • robotica@lemmy.worldEnglish
            4·
            9 months ago

            Also I’d like to point out that it’s not 1% of the population that’s like that, more like 0.01% or even just dozens. There are many rich people, but few are crazy rich like that.

            Source: dunno just google it maybe you’ll find something

      • filister@lemmy.worldEnglish
        392·
        10 months ago

        Ah yes, the poor who dig Bitcoin. Sorry but if you are having money to dig Bitcoin you aren’t exactly poor. And you know if we all as humanity change just our diet, the effect would be immense, so it is not only the corporation’s responsibility but also the collective.

        • GiveMemesEnglish
          1·
          9 months ago

          The effects of any concerted effort can be immense. The point of that other commenter is that the average person should not (and need not) pay for the sins of the oil tycoons that got us here. I could also start talking about how if everybody in the US reduced their carbon footprint we could make so much progress. Wait, you’re telling me the gas companies invented the very idea to sow activist discord? No way!!!