Post
Topic
Board Bitcoin Discussion
Re: Is cryptocurrency bad for the environment?
by
tanjiran
on 16/08/2021, 23:49:25 UTC
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There is no requirement in Bitcoin mining industry that electricity should be generated specifically from the fossil fuels. The miners use electricity from the national grid and therefore it is not their responsibility to check whether the power generation is done using renewable sources or not. If the environmental activists are so concerned, then they should request the government to shut down all the coal-fired power plants and pay double price for energy that is generated from solar or wind powerplants.
this makes a lot of sense. because the miners and companies only use the available ready-to-use electricity. other big companies that also use big electric power should be protested as well.
however, if anyone wants to build a renewable alternative power generation facility, it will definitely have a very good impact on the environment. if there was a crypto company that pioneered this, and it did well, there would definitely be no reason that crypto mining could harm the environment.