Post
Topic
Board Economics
Re: Does anyone care about the environment?
by
qwertyup23
on 30/04/2022, 18:29:53 UTC
If you're constantly up on the news, I'm sure you're aware of the scientists stage worldwide climate change protests.

Over 1,000 scientists from 25 countries took part in the Scientist Rebellion's demonstrations over a week ago.

How does this affect on the market? Or doesn't at all? On the prices of bitcoin?

I remember there was a previous post linking climate change to the effects of BTC mining due to the immense energy that it costs. But this was quickly resolved and addressed that such does not entirely affect the climate. While heat was produced by tons of mining rigs, these are all strategically and geographically placed into locations where the heat would be offset by the natural climate of the location (e.g. before in Russia, miners would place their mining rigs in mountains, etc.).

I also doubt that the climate would necessarily effect the prices of BTC in the market. To be honest, this is the last thing that I would think of in the event of climate change as I would prioritize my safety first.