Bitcoin mining POW the truth
Bitcoin Q&A: Energy consumption
Basically since most energy produced is usually lost( due to the fact energy can't be stored efficiently or storing energy costs more than making more energy itself ) bitcoin mining gives another use for this energy preventing it from being wasted and giving it value. It also will force miners to use renewable resource because nonrenewable resource will keep on getting expensive. In fact here are already solar bitcoin farms. Yes not the best but the stats saying bitcoin mining is completely wasteful is not true.
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It's an interesting way to look at it, you're making some big assumptions though.
Generally, not using Energy is better for the environment than using it. The argument of "if we don't use it, it goes to waste" doesn't really stand up.
Hence why i said that it not the best but being a complete engery waste is worng. Every day energy produced gets wasted bc it can't be stored. You can't stop using electricity and alot will be wasted but it be used than be gone. Yes pos is more environment friendly but pow helps as well.
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