Post
Topic
Board Bitcoin Discussion
Re: Do You Think Bitcoin Mining Will Be Banned Due to Fears of Climate Change?
by
o_e_l_e_o
on 23/10/2022, 18:04:21 UTC
2. If energy prices are this high it’s more profitable to give energy to the grid than to mine Bitcoin with it for energy producers.
This is not always the case. Many jurisdictions and companies pay fixed rates for electricity that they buy from consumers, such as from household solar, and the rates are often abysmal - a tiny fraction of the cost the consumer pays to buy electricity. Often it will be more profitable to use any excess electricity you generate at home to mine bitcoin than to sell it back for a cent or two per kWh.

However, one thing is for sure - Bitcoin cannot be considered the greenest currency out there.
You sure about that? Want to compare the environmental impact of the US dollar, from printing, moving, handling, etc., through to the electricity for banks, call centers, ATMs, etc., through to the military industrial complex which is built around maintaining its status?