Re: Debunking the "Bitcoin is an environmental disaster" argument.
We hear people talk a lot about Carbon Emissions (btw we are all made of Carbon so think about that) for Bitcoin and confusing it with energy consumption, but various research are showing that between 39% to 72% of all energy used for mining Bitcoin is actually hydro energy.
Haha
We just had one coal mine accident leading to a hashrate drop of 30% and you still quote that moron claiming 72% of energy coming from hydro?
Seriously, seeing how much they've screwed up with their estimation I would be amazed if not 39 but 7.2% would be actually coming from hydropower.
Some got the wake-up call although they still refuse the entire truth, some still live in dreamland.
https://decrypt.co/68591/flooded-coal-mine-highlights-chinese-bitcoin-miners-reliance-on-dirty-power
Remember the accident that happened in Xinjiang, Bitmain's first and rumors say largest mining facility is in Ordos, Inner Mongolia and you can guess what kind of fuel they burn there. As for that graph, don't forget about it when the chip shortage problem is fixed and mining gear can be produced as much as clients demand, remember we were at 130 exa when BTC was at 10k,
. When all that gear hits the market you will have to forget all those fancy graphs and "studies" and embrace the obvious.