This article has a lot of mental gymnastics to avoid directly saying “bitcoin mining was a temporary fad” and that pivoting to actual, longer term productive uses of electricity is necessary. Unfortunately the amount of hardware waste is astronomical, since miners used chips specifically tailored to bitcoin mining.
If you were listening to the more reasoned minds in this space, you knew the writing was on the wall from years ago. If you’re a head-in-the-sand maxi, this is likely the first cracks you’re starting to see in the fantasy.
DryMyBottom on
mining is supposed to be difficult, I mean is the while point of BTC
MichaelAischmann on
Energy has long been the actual currency of the world.
kirtash93 on

GoldanReal on
Electric power
Anyway fk your title
ilfollevolo on
The conversation everybody has avoided ever since. A sprinkle of reality checking in, finally
custardBust on
I imagine bitcoin might reach such high prices that mining becomes interesting again, if bitcoin gains more traction.
beambot on
The PoW model, despite its benefits, was never going to fly in light of anthropogenic climate change… And now with AI creating massive demand on electricity, it’s just misguided inefficiency to couple money with electricity.
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This article has a lot of mental gymnastics to avoid directly saying “bitcoin mining was a temporary fad” and that pivoting to actual, longer term productive uses of electricity is necessary. Unfortunately the amount of hardware waste is astronomical, since miners used chips specifically tailored to bitcoin mining.
If you were listening to the more reasoned minds in this space, you knew the writing was on the wall from years ago. If you’re a head-in-the-sand maxi, this is likely the first cracks you’re starting to see in the fantasy.
mining is supposed to be difficult, I mean is the while point of BTC
Energy has long been the actual currency of the world.

Electric power
Anyway fk your title
The conversation everybody has avoided ever since. A sprinkle of reality checking in, finally
I imagine bitcoin might reach such high prices that mining becomes interesting again, if bitcoin gains more traction.
The PoW model, despite its benefits, was never going to fly in light of anthropogenic climate change… And now with AI creating massive demand on electricity, it’s just misguided inefficiency to couple money with electricity.