Bitcoin can be the sponge that soaks up excess energy...

in #bitcoin2 years ago

Bitcoin consumes a lot of energy, but it can used to consume excess energy...

The big knock on bitcoin currently is that it uses a ton of energy and leaves a huge carbon foot print.

While the latter is debatable, the former is not.

Bitcoin does use a lot of energy, but it can be used to soak up stranded, wasted, and excess energy.

Turning a net negative into a positive...

Check this out:

image.png

(Source: https://twitter.com/JMellerud/status/1571015888098189312/photo/1)

This graphic shows that bitcoin used less energy in Texas than was wasted in all of last year...

Seems like a pretty good use case for bitcoin to me!

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a lot of miner in bitcoin now uses renewable energy because in long they can take more profit.

Upvoted! Thank you for supporting witness @jswit.

Great post!
THANKS !

What an interesting article.

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